The Indian tech startup ecosystem is again moving towards market correction this year. Till June 22, $3 billion was invested across 372 deals — a 47% decline in the total funding amount and a 17% drop in the number of deals as compared to H2 2017. Also, M&A activities showed a 28% decrease, with only 54 M&A deals finalized in H1 2018. Further, if we compare the Q1 2018 and Q2 2018 figures, there was an increase in both the funding amount as well as the number of deals in the second quarter till June 22. H1 2018 maintained the ongoing trend with seed stage startups raising $183.75 million across 179 deals. Ecommerce ($786.87 million across 49 deals) and fintech ($631.29 million across 70 deals) were the two top sectors in terms of funding amount and the number of deals.

(Inc42)