VC funding in India down 30 per cent in 2022: Venture Intelligence

As compared to record highs of 2021, venture capital funding of startups in India fell 30 per cent in 2022. The startups picked $23.95 billion as of December 28 this year. In 2021, this was $35.46 billion, a report in the Economic Times (ET) said, citing data from Venture Intelligence. 

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession. The funding of Series D and above halved to $11.70 billion in 2022 from $24.91 billion in 2021. The number of late-stage deals fell from 177