Startup funding in Feb falls to lowest in 8 months: Morgan Stanley

Funding in Indian startups slowed to an eight-month low in February with about $596 million cumulatively being invested into companies, according to Morgan Stanley. Funding was largely held up by three major raises by InsuranceDekho, FreshToHome and PhonePe, contributing about $350 million to the month's total. February was also the eighth month when funding stayed below $1 billion.