VC funding booms in India

Startups in India raised nearly $6.3 billion between January and July, a 43% year-on-year increase, Business Standard reports, citing data from GlobalData. While Zepto raised $665 million, Meesho secured $300 million. Meanwhile, online pharmacy PharmEasy received $216 million, the report says. India is an important market for VC investments thanks to a strong pipeline of startups. This funding boom comes despite a slowdown in the global investment landscape and shows investor confidence in the country’s startup potential, adds the report. Even with a cautious global investment climate, the robust pipeline of promising startups in India shows that investor interest remains strong. Thoughts?