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Indian startups raised $1.2-billion venture debt in 2023: Report

Summary by Ground News
India's venture debt market crossed the billion-dollar mark in 2023, a 50 percent surge from the previous year. Fintech dominated the VD landscape in India, capturing over 55% of the total investment. Consumer sector stood second with approximately 25.56 percent investment. Average size of VD deal was at $ 4 million.

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Indian startups raised $1.2-billion venture debt in 2023: Report

This comes in contrast to Venture Capital (VC) investment in the Indian startup ecosystem, which experienced a significant funding downturn last year, a report by investment firm Stride Ventures notes.

·Mumbai, India
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Moneycontrol broke the news in Mumbai, India on Thursday, February 22, 2024.
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