End of winter financing? Indian startups will raise $8-10 billion this year
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G20 Sherpa Amitabh Kant inaugurates the Startup Mahakumbh Summit in New Delhi. He emphasized the importance of good governance and realistic valuations | Photo: X @amitabhk87
Rajan Anandan, Managing Partner of venture capital firm Peak According to Anandan, Indian startups are expected to raise between $8 billion and $12 billion in funding this year.
About $10 billion – roughly Rs 80,000 crore – is enough to grow the Indian startup ecosystem, Anandan said.
In 2021, startup fundraising had reached a new high of $41.4 billion, Tracxn data showed. In 2022 this amounted to 25 billion dollars. Than in
First print: March 19, 2024 | 12:48 pm IST