Startups

Start up Inc begins year with a bang, snags, $ 3.5 billion in jan

• ByStartupStory     |    January 30, 2022

The strong display awakes the mega year of venture capital investments as Indian start ups mopped up $ 34.7 billion across 1070 deals in calender year 2021.

Mumbai: Indian’s start ups catched record investments of up to $ 3.5 billion across 130 deals through January marking a decadal increase amidst downturn in the world markets.

Gesturing prolonged investors interest in the country’s booming start up ecosystem.

The lively pace, which has seen over four deals a day and over $ 115 million in daily influx in divulged deal value- as the record of the data archived solely for ET by specialists staffing firm Xpheno comes at a time when the private equity and venture capital industry was invigorating for a slower 2022 based on global and domestic cues.

The total divulged deal value in January is six times higher than the same month last year, which saw 75 deals with divulged value of $ 600 million while in January 2020, Indian start ups sealed 65 deals with disclosed value of $1 billion, the data shows.

“ kicking off the year with record investment is a shot in the arms for enterprises gunning for a strong financial year closure.

With year- to- date investment ( in the financial year) already at the $ 40 billion mark and two more months to go, we are on a pathway to attestation the stronger investment year,” said Kamal Karanth, co- founder of Xpheno.

The strong showing comes in the wake of a mega year for venture capital investments as Indian start ups mopped up $ 34.7 billion across 1070 deals in calendar 2021 when $ 11.4% billion was invested across 795 beals.

Last year, The industry also saw a amp up in mega deals with 97 funding rounds amounting to more than $ 24 billion.

Bracing for a correction 

“ It is a show of abidance of the India tech story.

Pal is of the view that despite “ eloquent markets lately, liquidity remains available (with high likelihood.

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