The number of venture deals fell by 35% to 183, as compared to 278 in the same period a year ago, while the total value of funds fell to $1billion from $2.85 billion in 2015 according to risk capital data monitoring service Newscorp VCCEdge.VC funding hit a peak in 2015, as 473 deals were registered during the year against 307 deals recorded in 2014. Deal value too more than doubled, shooting up to $5.4 billion during the year.
Though VC investments have started to dry up, two companies, Razorpay and Kolkata's EFRAC, managed to bag some good money.
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