A total of 1,456 venture capital (VC) funding deals worth $19.3 billion were announced in India during January to October 2022.
The report said VC funding deals achieved 7.5 percent growth in deal volume. The size of VC funding deals fell 29.8 percent in deal value.
“The total VC funding value still remained below $1 billion. 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,” Aurojyoti Bose, Lead Analyst at GlobalData, said.
VC funding 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).
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, GlobalData report said.