India Deal Review: At $1.5b in May, startup funding highest so far this year

Startups in India raked in a total of $1.55 billion across 89 private equity (PE) and venture capital (VC) transactions in May, the best so far in 2023, according to proprietary data compiled by DealStreetAsia. The growth was about 55% over April when startups had collectively garnered $1 billion through 72 transactions.