End of funding winter? Indian startups set to raise $8-10 billion this year

In 2022, Indian startups raised a total investment of $25 billion. In 2021 the fund raised a new high of $41.4 billion, according to Tracxn

Setting an upbeat tone for the Startup Mahakumbh summit that began in New Delhi on Monday, Rajan Anandan, Managing Partner of venture capital firm Peak XV Partners (formerly Sequoia India), hinted at a reversal of the funding winter. Indian  startups are expected to raise around $8-12 billion in funding this year, according to Anandan.
 

Around $10 billion – roughly Rs 80,000 crore – is sufficient for the Indian startup ecosystem to grow, Anandan said.
 

In 2021 the fundraise by startups had touched a new high of $41.4 billion, Tracxn data showed. In 2022, it was at $25 billion. Then in