Wednesday, February 21, 2024
Outlook.com
Outlook India
Outlook Business

Vc

According to KPMG Private Enterprise's Venture Pulse report, despite a small uptick QoQ, VC investment in India remains very subdued

The first half (H1) of 2022 saw $35.9 billion in investments, while the second half saw values declining to $20.6 billion

Investors are pulling out all stops to ensure that their portfolio start-ups utilise the capital to its fullest potential while practising fiscal responsibility to avoid excessive burn rates 

The takeover is expected to be completed in 21-30 days

Early-stage deals accounted for 57 per cent of the total funding in the first half of 2023 (H1 CY23) in volume terms, said the report titled, “Startup Perspectives - H1 CY23”

The Fund II will be utilised to invest in 20 tech start-ups

The fund operates on a class-based investment model and invests in start-ups across sectors

The fund has garnered strong interest from global and domestic limited partners (LPs)

Blume Ventures has backed nearly 150 start-ups

The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively, as per the report by industry lobby IVCA and consultancy firm EY