India's Startups just had the worst second quarter since 2013
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
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.
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.