Most of India’s top venture capital (VC) firms raised successively large funds in 2015 and 2016, betting on what looked like an internet gold mine then. Most analyst reports on India’s internet business such as those by Morgan Stanley, Credit Suisse and others predict years of fast expansion.
But in the first half of 2017, early-stage funding of internet start-ups saw a sharp, unexpected slump. Additionally, while the amount of start-up funding in 2017 exceeded the levels of 2016, the volume of deals is lower.
This has led to concerns that VC firms will struggle for exit opportunities to generate returns on the funds they raised in the past two years and that the big internet companies such as e-commerce giant Flipkart, ride-hailing firm Ola and payments platform Paytm are
Read Original : Exit blues