Flipkart, Jio deals push VC inflows to $3.6bn in Sept quarter: Report

MUMBAI: Despite the pandemic-driven recession, venture capitalists continued to invest dollars into the country with the September quarter seeing investment inflows more than doubling to USD 3.6 billion over April-June, says a report.

In June quarter, which was marked by very strict nationwide lockdown, VC inflows stood at USD 1.5 billion, according to the data collated by KPMG, which also feels that the ongoing quarter will see more fund inflows.