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The economy might be slowing, but India-focused private equity (PE) and venture capital (VC) funds created a record by raising $11.7 billion in 2019 in 56 funding rounds, an increase of around 45 per cent compared to the previous year, according to an analysis by Ernst & Young based on data from VCCEdge.
The previous record of $8.1 billion in 51 fund-raising exercises was in 2018. The total amount of funds, with the addition of announcement of intentions during the calendar year that did not result in fund-raise, of Indian-focused PEs and VCs was pegged at $30 billion, which is more
