There are signs of a slowdown in fundraising activity in the Indian start-up ecosystem this calendar year. According to KPMG's Venture Pulse report, VC investments in the country declined sharply to $7.9 billion across 300 deals in Q1CY22, from $10.65 billion across around 400 deals in Q4CY21.
Still, the March 2022 quarter number VC investment figure was much higher than the $3.35 billion (across nearly 100 deals) in Q1CY21.
Rising commodity prices, tightening interest rate environment, and geopolitical uncertainty emanating from the Russia-Ukraine war are likely to continue to weigh on investors' decision while investing in Indian start-ups but liquidity in the market may help moderate the impact in the second quarter of 2022, the report said.
India attracted three of the biggest fundraising rounds during Q1CY22, with an $800-million raise by BYJU'S, a $700-million raise by Swiggy, and a $478-million mop-up by DailyHunt.
This story is from the April 23, 2022 edition of Business Standard.
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This story is from the April 23, 2022 edition of Business Standard.
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