A total of 568 VC funding deals worth $3.7 billion were announced in India in H1 2023, down 43.3% YoY in terms of deals volume and 76.4% in terms of value, according to a latest report by GlobalData
Despite the decline, India continues to be a key APAC market for VC funding and stands next only to China in terms of both VC deals volume and value.
August managed to reverse the decline in fundraising, despite a 2.3% fall in deal volume; apart from India, VC funding also rises in China.
July is the first month of 2022 when the total venture capital (VC) funding raised by Indian startups fell below $1 billion
Startups spread across 56 diversified sectors; 4,500 recognised in emerging tech such as IoT, robotics, AI, analytics
The partners at Elevation Capital take pride in the fact that the venture capital fund has been an early-stage backer to most of the 11 unicorns in its portfolio.
Consumer tech, SaaS, and fintech were the most-funded sectors last year, accounting for nearly 75% of all VC investments by value, says Bain & Company.
