BENGALURU -- Indian venture-capital fundraising has hit a "brutal" patch, with deals taking far longer to put together than was the case only months ago, one of the industry's top executives said.
Anand Prasanna, managing partner of Iron Pillar, a venture capital company with $400 million under management, told Nikkei Asia that investors remain enthusiastic about the potential of Indian startups but are treading carefully amid concerns about a global economic downturn.
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