No funding winter, funds waiting for more innovative startups: FM

Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and there is no scarcity of funding. "It's not as if there is a funding winter or scarcity of funds," Sitharaman said. Private equity and venture capital (PE/VC) funding to Indian startups fell to a 63-month low in January.