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Venture capital funding in India has bounced back after a slowdown last year. Top venture capitalists said that now there is focus on leaders that are emerging in each sector and on companies that are capital efficient.

Among India-headquartered tech companies, there were nine fewer instances of funding compared with Q4 ’16, but total capital invested in the quarter jumped 550%, according to the ‘Asia Tech Investment Report’ by CB Insights, a data intelligence platform.