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Private Indian internet companies raise $2 bn: Jefferies

Private Indian internet companies raise $2 bn: Jefferies

Wednesday, March 29, 2017, 2:15 PM

Unlisted Indian internet companies raised $2 billion dollars through private funding during the first quarter of 2017 as compared to $2.7 billion raised by these companies in 2016, an analyst firm said on Wednesday. Investment banking firm Jefferies also said there has been a "perceptible rise" in funding into fin-tech companies in the aftermath of demonetisation.
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