Indian startups have raised $20.82 Bn in funding in the first eight months of 2022. This was which is down 17% from $25.3 Bn raised in the same timeframe of the year before.
However, the number of deals during the early months of 2022 jumped to 1,129, an increase of 19% over 948 transactions during the same time last year.
The ongoing conflict in Europe as well as the rise in inflation have made investors cautious, which has led to an increased number of smaller-ticket fundraisers in 2022.The so-called “funding winter” continues to affect the plans for fundraising of Indian startups.
According to Business Headers information the amount of capital flowing to the Indian startup industry fell 17 percent up to $20.82 Bn during January-August period of 2022 when compared with the same eight-month period in 2021. Indian startups have recorded $25.35 Bn in venture capital financing between January and August 2021.
There was only one bright spot is the Indian startup scene in August 2022 was that of the Indian startup ecosystem.