Venture debt funding jumped by 72% to $215 Mn in 2019
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The Indian startup ecosystem witnessed a funding boom in the last 3-5 years and venture debt’s contribution in fueling the funding spree has increased considerably with a whopping growth of 72% in deployment by specialized firms. Venture debt funds raised by local startups soared to $215 million in 2019 from $125 million in 2018, as per Venture Intelligence data. In 2017, Indian startups managed to rake in $91 million across 35 deals.