Global VCs with deep pockets come to the rescue of cashless Indian start-ups
A new set of global venture capital investors have come to the rescue of strapped Indian internet start-ups. These VC investors have a lot of money with them, and have a long-term view of the market.
These internet companies are currently facing a hard time because of a slowed down pace of investment from the existing investors.
Up until now,
This new breed of investors has filled the space that Indian start-up market had for its fast growing growth capital. In the first six months of 2016, VC investment dropped to $1billion as compared to $2.85 billion that were invested in the first six months of 2015.