Amid the funding winter, 128 Indian startups have managed to “raise $995.1 million in August 2022, which is a 9.7% growth compared to the previous month,” reveals GlobalData, a data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments:
“Although the total VC funding amount still remains below $1 billion akin to July, August managed to reverse the decline in fundraising, despite a 2.3% fall in deal volume. Moreover, the growth has come at a time when fundraising in other key global markets such as the US and UK witnessed decline. China and India were the two notable exceptions to this trend.”
An analysis of Globaldata’s Financial Deals Database revealed that India ‘saw the announcement of 1,239 VC funding deals during January to August 2022, while the corresponding disclosed funding value stood at $17.7bn.”
Bose concludes:
“Despite the economic volatility, Indian startups fractionally managed to gain investors’ confidence. As the cyclical phenomenon of the funding winter suggests, India witnessed a slight month-on-month improvement in VC fundraising in August.”
As clarified in the update, historic data may change in case some deals “get added to previous months because of a delay in disclosure of information in the public domain.”
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In another update, it was noted that the UK happens to be the “top” European market and is also one of the key global markets for venture capital (VC) funding. This, according to a report from GlobalData.
However, it has been “experiencing a subdued funding activity in the recent months with monthly VC funding volume and value for 2022 falling to new lows in August,” reveals GlobalData, a data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that “the total VC funding raised by the UK-based startups fell below $1 billion in August.” It was also “the first month in 2022 that failed to register a triple-digit deal volume.”
The VC funding value “nosedived by 57.6% to $708.3 million in August, while the VC funding deal volume fell by 21.9% to 89 compared to the previous month.”
Aurojyoti Bose, Lead Analyst at GlobalData, comments:
“The month-on-month VC funding trend remained inconsistent in 2022 with some of the months witnessing growth in deal volume and value followed by consecutive months of decline. In fact, August marks the second consecutive month of decline in VC funding activity for the UK.”