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VC Funds Make A Beeline To Tap India’s Startup Boom: Nikkei

Startup data tracker Tracxn showed 211 venture capital funds made debut investments this year, 64 more than the previous year


VC funds
The Indian Rupee fell by 40 paise against the US dollar on Friday. File photo by Thomas White, for Reuters.

 

Hundreds of global venture capital firms are investing in India for the first time, in what could be a breakout moment for the country’s startups. while also raising concerns about the sustainability of such a boom, Nikkei reported.

Startup data tracker Tracxn showed 211 funds made debut investments this year, 64 more than the previous year, the report said.

Read the full report: Nikkei.

 


 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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