The years 2014 and 2015 were boom years for VC investing in India. Fuelled by venture capital firm Tiger Global’s big bets, there was a sea change in perceptions and expectations around funding norms and numbers.
But it was a false dawn.
2016 saw the tempering of this bullishness.
2017 was largely a wait-and-watch year.
2018 was different.
Let us count the ways.
The nearest exit
While there has been a large amount of funding entering India over the past five years, there has not been a commensurate rate of exits to justify these investments.