Global VC funding stays flat as Asia lags others in dealmaking
Live MintGlobal venture capital funding in startups fell 2% in the quarter ended 30 June from the preceding quarter, with deal activity in Asia slowing even as the US reported a record number of deals, according to a report. Mint reported on 30 June that startups in India have raised a record $3.9 billion from venture capitalists in the six months ended 30 June, as the world’s biggest investors doubled down on their bets in the country buoyed by the Flipkart-Walmart deal last year. Sector wise, internet companies raised the maximum capital, $12 billion in the quarter, followed by healthcare and mobile and telecom firms, which raised $4.6 billion and $3.1 billion, respectively, according to the report. In the quarter ended 30 June, exits through mergers and acquisitions remained flat at $162 billion, but exits through initial public offerings shot up to $33 billion, from $15 billion and $16 billion in the preceding two quarters, respectively.
History of this topic
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