Venture capital (VC) funding into Indian startups saw a steep decline in the first week of July, and this is understandable given that the previous week recorded a $900-million capital raise by CRED.
The total funding raised during the week was $107 million across 22 deals.
In contrast, the previous week saw $1.1 billion being raised.
This sharp fall in VC funding was on expected lines as the CRED transaction was a one-off deal.
This week saw no support in terms of larger value transactions; the highest funded startup this week raised just $17 million.
