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Tough times for Indian startups: Funding hits 34-month low
According to a recent PwC India report, funding for Indian startups fell sharply in the January-June period, by 34%, totaling $3.8 billion. This sum represents the lowest half-yearly total seen in the previous four years. According to the survey, investors' increased prudence and lengthier due diligence procedures are on the decline as they carefully evaluate every aspect of a company before making financial commitments.
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