Venture investments halve in April to $2.7B as rupee depreciation weighs on sentiment

Venture investments halve in Apr to $2.7 bn as rupee depreciation weighs on sentiment - The Economic Times

Venture capital and private equity investments in India dropped 50% year-over-year to $2.7bn across just 38 deals in April 2026, hitting a 29-month low in deal count, driven by rupee depreciation to INR 96/USD and geopolitical headwinds. For tech budget owners, the widening bid-ask spread and investor caution on dry powder signal tighter Series B/C rounds ahead, with deal timelines likely to extend into H2 2026.