Startup funding falls 72% in July

CHENNAI: Personal equity-venture capital (PE-VC) investments fell sharply in July amid the present funding slowdown in progress and newest age corporations.
The worth of personal investments fell by round 72% 12 months on-year and the variety of offers virtually halved. July recorded simply 77 offers value round $2. 6 billion as in comparison with 136 offers of $9. 6 billion in the identical month final 12 months, and 117 offers of $4. 6 billion in June.
In distinction to the hectic unicorn minting exercise seen within the earlier 12 months, July noticed only one firm — fintech startup OneCard — obtain the unicorn standing (over $1-billion valuation).