An article by The Ken titled The Bubble that never was quotes Venture Intelligence data on VC investments in India:
According to Venture Intelligence, compared with the $1.6 billion invested in the first nine months of 2015—January to September—venture capitalists invested a little more than $1 billion in the same period this year. While this 35% drop is material, it is a sign that the market is efficient and self-regulating. The year 2015 was one where the “accepted normal” was reset to a new level – as with most major market resets, there were occasional overreaches with companies getting funded more than they deserved and at higher valuations than they merited, the lower figures this year represent an organic rationalization instead of a “bubble burst”.Click here to read the article.