The second week of October saw a relative bounce back in venture capital (VC) funding into Indian startups, with debt transactions offering the much-needed lift.
The total VC funding for the week amounted to $232 million, cutting across 29 deals.
However, this rise in VC funding is not a cause for celebration as the upswing was due to a single large debt transaction.
The majority of non-debt deals came from the early-stage segment lower in value, indicating challenges in raising funding for Indian startups.