MUMBAI Investment in Indian startups reached a record high in 2017 as promising young companies secured bigger investments, another sign of Asia's growing prominence in the venture capital world.
A total of $17.6 billion was invested in nonpublic Indian companies in the nine months through September, beating the full-year record of $17.3 billion set in 2015, according to Venture Intelligence, a research arm of India's TSJ Media. The total for all of 2017 could top $20 billion.
