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Micro VCs bet big on early-stage India deals amid funding winter

'Booming' entrepreneurial activity attracts interest from small-scale venture capital

Financial district buildings in Mumbai. "Entrepreneurship is booming in India," says Abhimanyu Bisht, general partner at CapFort Ventures.   © Reuters

NEW DELHI -- A host of micro venture capital (VC) funds are making a beeline for investments in India as early-stage deals in the country keep the startup story burning bright.

Last month, Speciale Invest, a venture capitalist focused on early-stage investments in India, launched its first growth fund worth over $24 million to focus on deep science and enterprise technologies.

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