India’s startup ecosystem is witnessing a financing boom, which is likely to pick up further in the second half of the year as investors from around the world are rushing in. They are backing a new crop of entrepreneurs building businesses in areas like urban mobility, social commerce, financial technology and software services. With the abundance of capital, startups are seeing their valuations jump four-five times in a few months, raising concerns if entrepreneurs will flip to preferring growth at all costs over building viable business models. Total money poured into startups increased by 31% to $4.7 billion in the first six months of 2019 as compared to the same period in the previous year, even as the total number of deals fell by 23% to 381 transactions. In general, this is relatively an even more bullish market as compared to 2014-15, with investors putting a lot of money in several themes. What is different is growth rounds across series B and C are also quite prolific, driven by the increasing interest of private equity and Chinese investors in the India venture capital (VC) ecosystem.