Business Standard, based on Venture Intelligence VC Funding data and interviews with several entrepreneurs in the thick of funding raising, signals the end of the startup funding crunch. Extract:
Between April and May 2017, start-ups raised $538 million from 138 venture capital deals, marginally lower than the $565 million they raised from 200 deals during the same period in 2016. Money raised between April and May 2017 is almost similar to the money raised during the same period in 2014 ($536 million), and more than the money raised in 2013 ($416 million) and 2012 ($314 million). Start-ups raised $703 million in 2015 from 193 deals, according to data research firm Venture Intelligence.
...Suchi Mukherjee, founder and chief executive officer (CEO), Limeroad, says there is a definite movement in Series-A and B territory and in very large deal sizes, but the market continues to be shallow in mid levels. ‘‘Those who were earlier playing at these stages continue to be wary. India needs some strong exits for real confidence to return,” she says.
