Early-stage startups seek to raise $800 mn in 2017: InnoVen
Early-stage Indian start-ups will seek to raise $800 million in 2017 in order to chase growth and start looking for profitability, according to venture debt firm InnoVen Capital. Venture capital funding in startups in 2016 plummeted by almost one-third compared to 2015 and 2014, it added. In another report, Tracxn said India saw 212 startup shutdowns in 2016.