Startups round of $3.5 billion in funding in January, hit a record high
- ByTejika Bajaj | January 31, 2022
It is raining investments in the startup ecosystem as high flying startups have raised a record consolidated investments of $3.5 billion solely in the month of January. The month saw 130 deals coming through thus marking a record high January.
This announcement comes at the back of the global downturn which has resulted in the stock price of multiple startups declining at a significantly higher rate. The investment round up signals a sustained investor interest in the country’s booming startup ecosystem.
The total disclosed deal value in January is six times higher than the same month last year, which saw 75 deals with disclosed value of $600 million while in January 2020, Indian startups sealed 65 deals with disclosed value of $1 billion, the data shows.
Although a large part of the January inflows can be attributed to the funding frenzy that was set into motion in 2021, investors are confident that “India continues to be the market attracting investments. Google’s investment in Airtel is a reflection of this”, said Anup Jain, managing partner, Orios Venture Partners.
The strong showing comes in the wake of a mega year for venture capital investments as Indian startups mopped up $34.7 billion across 1070 deals in calendar year 2021, a near 200% increase from 2020 when $11.4 billion was invested across 795 deals.
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