With sub-USD 100 million in investment in the week through April 22, funding winter continues in the Indian startup landscape. It was the second week of this calendar year to record such figures.

As far as deal value is concerned, it fell from USD 2.2 billion in the second week of the month to about USD 75 million in the last week, a seven-week low in funding. There was a decrease in deal volumes as well; the week ended on April 22 recorded only 11 as compared to 21 in the prior week.

Large exits like KKR-Max Health and Everstone-Sahyadri, as well as the initial public offerings of Medanta and Rainbow Hospitals, were the talk of the town previous week.

According to the Bain research, investors are looking for predictable returns in diagnostics, healthcare providers, pharmaceuticals, and single-specialty service providers. Meanwhile, M&A transactions increased threefold last week, with over nine reported transactions, up from only three the prior week.

Indian Startup Landscape Records A Seven-week Low Fundraise, Falls below $100 Mn

here was a decrease in deal volumes as well; the week ended on April 22 recorded only 11 as compared to 21 in the week prior to it