Indian startups raise over $10 billion funding in first quarter of 2022
Indian startups have raised over $10 billion in the first three months of 2022 from investors, reflecting the sustained pace of funding deals in the country, despite worries that global headwinds could slam the brakes on the momentum.
Venture Intelligence founder Arun Natarajan noted that while the quarter-on-quarter comparison in terms of startup funding is flat, there are multiple signs of a churn since mid-February.
Indian startups have raised over $10 billion in the first three months of 2022 from investors, reflecting the sustained pace of funding deals in the country, despite worries that global headwinds could slam the brakes on the momentum.
Startups raised around $10.5 billion across 329 deals in the first quarter of 2022, at par with the $10.4 billion investment from 315 deals in the previous quarter, but almost double of $5.7 billion from 225 deals in the year-ago period, according to the data shared by Venture Intelligence with Moneycontrol.
While the deal volume is still going up, it is likely that a major chunk of these deals could be closed late last year and announced during the first quarter. The impact of the global headwinds in early 2022 along with a sharp decline in the stock prices of domestic and global tech companies on private fundraising are likely to be felt in the upcoming quarters.
With the steep decline in technology stock prices in the US as well as the newly IPO-ed Unicorns in India, the aggressive funding of late-stage tech startups witnessed in 2021 is likely to take a pause, with investors becoming more selective," Natarajan said.
© atoonstech.Privacy policy