Startups in India Secure $19.3B in Venture Capital Funding During Jan-Oct 2022, Report Reveals

A total of 1,456 venture capital (VC) funding deals worth $19.3 billion were announced in India during January to October 2022, which is a 7.5% growth in deal volume but 29.8% decline in deal value compared to the same period last year,” finds GlobalData, a data and analytics company.

An analysis of Globaldata’s Financial Deals Database reveals “that while both VC funding value and volume declined in September 2022 compared to the previous month, October witnessed a rebound in value by 25.5% to $898.3 million despite experiencing 33.9% decline in deal volume.”

Aurojyoti Bose, Lead Analyst at GlobalData, comments:

“The total VC funding value still remained below $1 billion. In fact, October is the second consecutive month and the third month of 2022 with funding levels recording below $1 billion. July was the first month of 2022 when the total VC funding raised by Indian startups fell below $1 billion. Nevertheless, the improvement in deal value in October could be seen as a positive sign.”

Moreover, deals valued more than $100 million, “which were non-existent in September, made a come back in October through the announcement of $250 million funding raised by Think and Learn (Byjus).”

Bose adds:

“Despite a decline over 2021, the total funding value during January-October 2022 still remains at a much higher level compared to the same period in 2019 and 2020.”

VC funding deal volume in India during January-October in 2019, 2020 and 2021 “was 883, 922 and 1,355 while the corresponding value stood at $10.2 billion, $6.1 billion and $27.5 billion, respectively.”

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In another update shared by GlobalData in September 2022, it was noted that amid the funding winter, 128 Indian startups 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.”

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