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India’s startup investors look to weather global turbulence

Fundraising competition heats up amid signs of cool down in China

Indian startups raised $4.8 billion in the first six months of 2019, only a quarter of China

TOKYO -- India's venture capital industry is racing to raise funds from investors as they seek to exploit the opportunity left by a slowdown in startup deals in China. 

Local venture capital firm Chiratae Ventures, which backs popular consumer related companies like online baby products retailer FirstCry, is aiming to raise its biggest fund worth $275 million. It is among 84 venture capital funds raising $7.5 billion, a record high, according to data provider Preqin. Private equity funds, which had invested in traditional sectors like real estate and infrastructure, are also increasingly jostling to buy stakes in startups.

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