BENGALURU: After massive fund inflows in the first four months of 2015 that saw four Indian startups reaching a billion-dollar valuation, the early-stage venture capital (VC) funding slowed down in May. Amid the debate of a startup bubble, May saw $47 million committed in 13 investments - the lowest for any month in this calendar year, according to VC funding data tracking firm Venture Intelligence.
The first four months saw investments of $58 million, $95 million, $80 million and $108 million, in that order. This data is for early-stage investments or less than $20 million; late-stage investments tend to show a distorted picture swayed by a couple of big-ticket investments. The number of deals was higher at 16, 30, 19 and 24 in the first four months.
