VC inflows remain sluggish in Q1
May pick up in Q2 of 2023 on India’s strong growth and consumption expectations
Representational Image.
Betting On Micro-funding
- Global investors see much entrepreneurship in India
- Agri-tech startups attracting larger funding rounds
- Global VC investment dropped in Q4 from $102.2 bn on 9,767 deals to $75.6 bn on 7,641 deals
New Delhi: Venture capital (VC) investment in India is expected to remain soft in the first quarter (January-March) of 2023, before starting to pick up in Q2 (April-June), in part due to India's strong growth and consumption expectations, a new report showed on Thursday.
VC investment in India remained slow quarter-over-quarter as VC investors, primarily investors from the US, continued to take a wait-and-see approach given global macroeconomic uncertainties, according to KPMG aPrivate Enterprise Venture Pulse' report.
VC investment in agri-tech in the country is expected to grow considerably over the next 12-24 months as startups in the space mature and attract larger funding rounds, the report showed.
