Momentum in venture dealmaking in India continues to soften this year with deal count and value on course to be at their lowest levels in five years.
Some $7.6 billion has been invested this year across 977 deals, according to PitchBook data, significantly below last year's total of 2,377 rounds worth a combined $24.1 billion.
However, total deal value for the last two consecutive quarters has increased, which could point to a potential recovery on the horizon. Megadeals including online learning platform Byju's $700 million round in April and eyewear startup Lenskart's $600 million June investment have helped to push up overall deal value.
Here's a look at key trends for India's VC ecosystem across dealmaking, fundraising and exits.
Featured image by Tuul & Bruno Morandi/Getty Images
This article originally appeared on PitchBook News
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India VC dealmaking activity pulls back to pre-pandemic levels
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