Deal activity in the Asia-Pacific region fell by 42% in February, while it fell by 50.8% in India.
According to GlobalData, transaction activity in the Asia-Pacific (APAC) area, a crucial market for international deal-making, has significantly decreased year over year by 42.2% in February 2023. The number of deals announced in the APAC area decreased from 1,392 deals in February 2022 to 805 deals in February 2023. China, the largest Asian market for venture capital funding transaction activity, experienced a fall in deal volume of 28.2% year over year in February 2023. India, the second-largest market for VC capital, had a drop in deal volume of 51.8%. Deal activity decreased by 50%, 45.9%, 56.1%, 35.1%, 61.8%, 58.3%, and…