Main information analytics agency International Knowledge has revealed July to be the primary month of 2022 the place whole enterprise capital (VC) funding raised by Indian startups fell under $1 billion. The VC funding worth plunged by an enormous 58.7% to $907.5 million final month. It additional states that the deal quantity additionally fell by 9.6% in comparison with the earlier month.
The cumulative introduced VC funding deal quantity for January to July was 1,108, whereas the corresponding worth stood at $16.5 billion. The common deal dimension greater than halved from $15 million in June 2022 to $7 million in July, as a result of drop within the quantity of big-ticket offers.
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Aurojyoti Bose, the lead analyst at GlobalData, stated, “Along with the unstable market situations, traders’ shift in focus in direction of sustainable enterprise fashions and profitability appear to be taking a toll on the VC funding exercise in India.”
Non-public fairness gamers and enterprise capitalists around the globe have been scrambling to have a share of the Indian startup ecosystem, however tables have turned as a result of harsh funding winter.
As of July 2022, India has solely witnessed two VC funding offers valued over $100 million. These embrace BluSmart Mobility, which raised $250 million, and $102 million raised by FPL Applied sciences (OneCard).
