Indian Startup Funding Sees Major Slowdown in Jan-Mar
The startup sector is not completely out of the woods as it saw a drop in investment of 36 per cent year on year at USD 236.81 million for the March quarter as investors are wary of early and mid-stage funding.
According to a News Corp VCCEdge report, the startup sector saw 165 deals worth USD 236.81 million in the January- March quarter of 2017 while in the same period last year, it stood at USD 368.68 million by way of 314 deals.
The report noted that early-stage funding went down as investors preferred to pump in money late.
Angel and seed investments slumped both in volume and value terms, with deal volumes down to half with 120 deals in January-March compared to 245 in the same period of 2016.
"A rise in Series-B funding even as seed and Series-A funding trends show a decl...