“The concentration of capital in a smaller number of rounds points to a broader, global flight to quality," said Neha Singh, co-founder, Tracxn, a data-intelligence platform for private market research. "Institutional investors are prioritising capital preservation and category-defining assets amid lingering macroeconomic uncertainty”.  Singh points out that tighter regulations by the Reserve Bank of India (RBI), heightened credit-risk scrutiny, rising compliance costs, and investor focus on profitability ...