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August 09, 2016

VC Funds Continue To Raise Money Despite Startup Slowdown: BusinessWorld

A BusinessWorld article titled VC Funds Continue To Raise Money Despite Startup Slowdown quotes Venture Intelligence Fund raising data:

The number of venture capital (VC) funds raised so far this year is one-third of what was raised last year. As per data available with research firm Venture Intelligence, as many as 10 VC funds have been raised in the January-July period this year, while the number was way higher at 33 in the same period last year. Some of the VC funds that have been closed this year include those by Accel ($500 million), Aavishkaar ($300 million), IDG Ventures India ($200 million) , Infuse Ventures ($150 million) and Nirvana Ventures ($100 million). The total amount raised by these 10 VC funds this year stand at $1402 million, 62% lower than that of last year where funds worth $3662 million were closed. 

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.