India's Startups just had the worst second quarter since 2013
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India just had the most investment-starved second quarter since 2013. The total value of deals is down by 62% from $6.1 billion from the same period last year to $2.2 billion in Q2 CY16, according to News Corp VCCEdge.On a half yearly basis, private equity deals slipped as much as much as 46% in the first half of this year. Only 643
Interestingly, 2016 saw an uptake in angel investments. Seed and
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Venture and late stage capital declined significantly. The figures are down by 55% in the first half of this year. The deal volume has also slipped 44%.
The rush of capital for Indian startups began way back in 2014. Flipkart raised a whopping $1 billion in July 2014, and after Chinese e-commerce giant Alibaba successfully listed its stock in the US markets, e-commerce startups across the world got a boost globally.
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With a couple of failures, and the financial downturn, the mood has changed A handful of hedge funds are now making new investments. The global internet investors like Softbank and DST Global are however quieter.
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