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Indian startups racked up $10 billion in Q1 2022 led by late-stage funding offers

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Even because the broader startup ecosystem begins to speak a couple of slowdown in dealmaking on the again of macroeconomic headwinds, Indian startups mopped up over $10 billion in funds through the first quarter of 2022, up from $5.7 billion in the identical interval in 2021, in response to information sourced from Enterprise Intelligence.

The record-breaking first quarter funding information is just not making an allowance for the present slowdown, as official deal bulletins usually are available a number of months after closure.

What’s led to the slowdown? A spike in US rates of interest, geopolitical tensions because of Russia’s invasion of Ukraine, gas costs at a file excessive, and the crash of tech shares within the US have contributed to creating late-stage and personal fairness funds cautious globally.

Masayoshi Son, founding father of SoftBanklately advised the highest management of the group to go sluggish with know-how investments as a result of crash in its holdings, in response to a report in Monetary Instances (FT).

His feedback come at a time when the Japanese investor is ‘pushing to lift money and is evaluating property that may very well be liquidated’.

Son’s high lieutenant Rajeev MisraCEO of SB Funding Advisors who heads SoftBank Imaginative and prescient Fund, additionally advised ET earlier this month that non-public financing will probably be restricted this yr in contrast to 2021 and 2020.

Watch Rajeev Misra, CEO, SB Funding Advisers in dialog with ETtech’s editor Samidha Sharma on the state of tech investing globally.

In India, nonetheless, late-stage offers accounted for 45% — $5.8 billion — of complete funding into the Indian startup ecosystem this quarter.

Buyers and founders mentioned the true influence of the geopolitical tensions and macroeconomic occasions could develop into clearer within the following quarters. For now, Indian startups proceed to journey on final yr’s momentum.

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