The upbeat atmosphere this year reflected India's rebound in startup funding over the past three to four months. But the lavish setting couldn't mask pressing questions still facing the industry.
"Sitting here in early 2024, with the benefit of observing 2023 investment activity levels as well as the pace of start-up creation, I think the answer is yes," responded Lightspeed partner Bejul Somaia when asked whether Indian...
Many late-stage startups remain wedded to their peak 2021 valuations. And many highly valued 2021 seed deals are floundering without follow-on funding. At the same time, Indian VCs are currently sitting on a record $20 billion in dry powder, raising skepticism among many investors about excess fundraising.
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