Due to Corona virus pandemic and other reasons, decline in investment by Venture Capital in Indian startups.
Total 30% decline seen in first two month of 2020. In a report published in Livemint.
- Value of large deals fell to a 19-month low, with five large deals worth $700 million in Feb
- The decline in value was mainly due to fewer large deals happening in the country
In February, PE/VC investments recorded a 24-month low of $1.7 billion, 32% lower compared to January and 39% lower than $2.8 billion recorded in February 2019, according to a report by the Indian Private Equity and Venture Capital Association and consulting firm EY.