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    Question

    According a report “Tech Start-ups: Quarterly

    Investment Factbook” recently, the total funding in the startup ecosystem dropped to what amount in the April-June period?
    A $5 billion Correct Answer Incorrect Answer
    B $6 billion Correct Answer Incorrect Answer
    C $7 billion Correct Answer Incorrect Answer
    D $8 billion Correct Answer Incorrect Answer
    E $9 billion Correct Answer Incorrect Answer

    Solution

    NASSCOM and PGA Labs co-published a report “Tech Start-ups: Quarterly Investment Factbook”. It is NASSCOM’s quarterly funding update on Tech start-ups highlighting key trends and facts about the Indian tech start-up ecosystem during the quarter. As per the report, the total funding in the startup ecosystem dropped to $6 billion in the April-June period, owing to macro-economic slowdown, a 17% fall quarter-on-quarter ( QoQ ). The total number of deals – or the volume – stood at 204 down from 247 in January-March. Fintech has emerged as the top funded vertical, followed by media and entertainment. NASSCOM Headquarters: New Delhi Chairperson: Keshav R Murugesh

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