Despite a global market downturn, Indian startups received record investments of up to $3.5 billion across 130 deals in January, marking a decadal high and signalling sustained investor interest in the country’s booming startup ecosystem.
According to data compiled, staffing firm Xpheno, the brisk pace, which has seen over four deals a day and over $115 million in daily inflows in disclosed deal value, comes at a time when the private equity and venture capital industry was bracing for a slower 2022 based on global and domestic cues.
The total disclosed deal value in January was six times higher than the same month last year, when Indian startups closed 75 deals worth $600 million, while in January 2020, Indian startups closed 65 deals worth $1 billion.
“Kicking off the year with record investments is a shot in the arm for enterprises gunning for a strong financial year closure. With year-to-date investments (in this financial year) already at the $40 billion mark and two more months to go, we are on a trajectory to witness the strongest investment year,” said Kamal Karanth, co-founder of Xpheno.
The strong performance follows a record year for venture capital investments in India, with $34.7 billion invested across 1070 deals in calendar year 2021, up nearly 200 percent from $11.4 billion invested across 795 deals in 2020.
The industry also saw a surge in megadeals last year, with 97 funding rounds totaling more than $24 billion.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php
