23rd April 2024 – $2 billion in capital was raised by Indian entrepreneurs between January and March of this year, according to data obtained from market research company Tracxn. Compared to the $3.3 billion that corporations embezzled from investors, it is almost 40% less. In the quarter last year.
Nevertheless, an analysis of the quarterly financing patterns revealed that the ecosystem, which has been enduring a reduction in investments over the last 12 to 18 months, has been stable. Investors anticipate that transaction activity will pick up speed in the second half of the year and that the fundraising winter may finally be over. “Starting at the close of the previous year, things had begun to move forward.
Term sheets and subsequent rounds were used during the seed and early phases. Partner Varun Malhotra of Quona Financing, a venture financing company with a fintech concentration, told TOI that we should see more activity in the growth and late phases after the elections.
Conclusion
Four months into 2024, India has already recruited two unicorns to its fleet: financial SaaS Perfios and Bhavish Aggarwal’s AI company Krutrim. This is not to argue that fundraising will return to the levels seen in 2021 when entrepreneurs successfully raised about $40 billion. That particular year stood out. In the current climate, investors will still take their time assessing acquisitions, particularly those that are late in the process.
Source:Link
