Startup VC funding in India up by 4.5% YoY in H1 2022 even as China loses steam, finds GlobalData
July 22, 2022 (Investorideas.com Newswire) At a time when the startup ecosystem in China is losing steam, Indian startups seem to be gaining investors' confidence. India witnessed a whopping 39% year-on-year (YoY) growth in venture capital (VC) funding deal volume to 976 during the first half (H1) of 2022. The corresponding disclosed funding value too clocked a 4.5% rise to $15.6 billion, according to GlobalData, a leading data and analytics company.
An analysis of GlobalData's Financial Deals Database reveals that deal activity in 2022 so far has showcased a fluctuating trend in India. However, June managed to reverse the month-on-month decline in funding value with a massive 76% growth, whereas deals volume increased by 0.7% in June compared to the previous month.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: "India witnessed a positive trend in both VC funding value and volume in H1 2022 compared to H1 2021 while several other key markets such as the US and China experienced decline. The Indian startup ecosystem seems to be evolving as a promising alternative to China."
India witnessed the announcement of several big-ticket deals during H1 2022. Some of the prominent deals announced during the period include $805 million funding raised by Verse Innovation, $800 million seriesF funding raised by Think and Learn (Byjus), $700 million funding raised by Bundl Technologies (Swiggy), $450 million funding raised by Polygon, and $300 million funding raised by Xpressbees.
Note: Historic data may change as some deals may be added to previous months due to a delay in disclosing information to the public domain.
For more information
To gain access to our latest press releases: GlobalData Media Centre
Analysts available for comment. Please contact the GlobalData Press Office:
EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Notes to Editors
- Quotes provided by Sherla Sriprada, Business Fundamentals Analyst at GlobalData.
- The information is based on GlobalData's Job Analytics Database
- This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts.
4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com