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Wednesday, November 20, 2019

Bengaluru, Delhi NCR lose market share to Mumbai in early startup funding deals

2018 has turned out to be a tough year for startups looking to raise capital, particularly for those based in Bengaluru and Delhi NCR. The shares of Bengaluru and Delhi NCR, which have the maximum number of startups in India, in terms of the number of early-stage or pre-series A deals, have gone down to 28% and 25% respectively this year, said a report by venture debt firm InnoVen Capital.