Startup megadeals in India rebound to touch two-year high in May

A spurt in megadeals, or transactions worth at least $100 million, last month brought some respite to Indian startups grappling with a funding slowdown for many months now. At least six megadeals worth $1.07 billion were closed in May, the highest in the past two years, both in terms of value and volume, according to proprietary data compiled by DealStreetAsia.