Venture capital (VC) funding into Indian startups grew in January boosted by a large number of deals along with higher value transactions.The total funding for the third week of January stood at $373 million across 40 deals. In comparison, the previous week saw VC funding of $229 million. The month so far has bucked the trend of January usually being a slow one for the ecosystem in terms of funding. The rise in VC funding can be attributed to the higher number of deals in this week when compared to the last: 40 versus 25. It is always the volume that matters. Also, transactions were spread across segments such as fintech, electric vehicle, and traveltech. This shows investors are willing to bet in several sectors. Debt funding saw strong growth this month, a good sign considering that investors provide debt to businesses with positive cash flow. Funding was consistent across stages—pre-Series A, B, and growth.During this week, an India origin AI startup —Emergent which is now headquartered in San Francisco received funding from Khosla Ventures and SoftBank Vision Fund 2. This is a positive sign as there are fewer number of pureplay AI startups in India and hope this number… Read MoreYourStory RSS Feed
