Indian Startups Secure $5.85 Billion

New Delhi: With 360 deals, startups in India secured $5.85 billion funding in the first half of 2019, according to a report. Sequoia Capital emerged as the most active venture capital firm and Indian Angel Network the most active seed-stage investor, said the report by DataLabs, the research division of Inc42 Media.

"In the context of deal count, a downward trend in the number of funding deals in H1 of 2019 can be observed. The deals were 26.23 percent less in comparison with H1 of 2017 (488 deals) and 16.47 percent lower against H1 of 2018 (431 deals)," Ankan Das, Head of DataLabs, said. "This is an indicator of poor investor confidence," Das said and added, clarity in regulations, like the abolition of angel tax, and sector-specific policies had become necessary for boosting investment. (IANS)

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