India Deal Review: Startup funding drops to 34-month low at $652m in June

With fears of a global recession looming large amid mounting economic challenges, the Indian startup ecosystem maybe facing its toughest time yet. After rebounding to touch a high of $1.5 billion in May this year, private equity and venture capital investments in India plunged to $652 million in June, hitting a 34-month low, according to proprietary data compiled by DealStreetAsia.