CHENNAI: Private equity-venture capital (PE-VC) investments fell sharply in July amid the current funding slowdown in growth and latest age companies.
The value of private investments fell by around 72% year on-year and the number of deals almost halved. July recorded just 77 deals worth around $2. 6 billion as compared to 136 deals of $9. 6 billion in the same month last year, and 117 deals of $4. 6 billion in June.
In contrast to the hectic unicorn minting activity seen in the previous year, July saw just one company — fintech startup OneCard — achieve the unicorn status (over $1-billion valuation).
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