India’s private equity, venture capital investments cross US$60b mark for third year in a row

[NEW DELHI] Amid a funding winter, India – the third-largest tech start-up ecosystem in the world – continued to see healthy investments in private equity and venture capital last year.

PE and VC investments totalled US$61.6 billion in 2022 – slower than the record-breaking year in 2021 (US$69.8 billion) when scores of companies raised money at insane valuations and ignored business fundamentals.

According to data from Bain & Company, PE and VC investments amounted to US$40 billion in the first six months of last year, but slowed considerably to US$21.6 billion in the second half of the year.