Question
According a report “Tech Start-ups: Quarterly
Investment Factbook” recently, the total funding in the startup ecosystem dropped to what amount in the April-June period?Solution
NASSCOM and PGA Labs co-published a report “Tech Start-ups: Quarterly Investment Factbook”. It is NASSCOM’s quarterly funding update on Tech start-ups highlighting key trends and facts about the Indian tech start-up ecosystem during the quarter. As per the report, the total funding in the startup ecosystem dropped to $6 billion in the April-June period, owing to macro-economic slowdown, a 17% fall quarter-on-quarter ( QoQ ). The total number of deals – or the volume – stood at 204 down from 247 in January-March. Fintech has emerged as the top funded vertical, followed by media and entertainment. NASSCOM Headquarters: New Delhi Chairperson: Keshav R Murugesh
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