Amid the funding winter, 128 Indian startups have raised over $995 million (around Rs 8,000 crore) venture capital funding in August, GlobalData said on Thursday.<\/p>\n
<\/p>\n
The funds raised in August are 9.7 per cent more than that in the previous month, the data and analytics company said in a statement.<\/p>\n
Aurojyoti Bose, Lead Analyst at GlobalData, said: “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 per cent fall in deal volume.”<\/p>\n
\u00a0<\/p>\n
The growth has come at a time when fundraising in other key global markets such as the US and UK witnessed decline.<\/p>\n
“China and India were the two notable exceptions to this trend,” Bose said.<\/p>\n
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 disclosed funding value in the year-ago period stood at $17.7 billion.<\/p>\n
Bose said despite the economic volatility, Indian startups fractionally managed to gain investors’ confidence.<\/p>\n
“As the cyclical phenomenon of the funding winter suggests, India witnessed a slight month-on-month improvement in VC fundraising in August.”<\/p>\n<\/div>\n[ad_2]\n<\/p>\n
News From This Website <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"