Sunday, January 29, 2023
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Venture Capital

In FY 2021-22, Mumbai Angels Network made investments worth Rs 100 crore

Early-stage start-ups raised $1.3 billion, $2.5 billion and $2.8 billion in CY20, CY21 and CY22, with average ticket size of deals around $4 million

The numbers reflect the overall funding winter that the start-up space in particular, and the overall foreign investments in general have been witnessing since the Ukraine war began last February

The regulator’s decision to allow private equity funds to directly invest in insurance companies through Special Purpose Vehicles gives insurers an option to make their own choices with greater ease

Auxano Capital secured six deals in FY 2021-22, with three more in the pipeline

India is currently the home of the third largest ecosystem of start-ups after the US and China

Selected start-ups will receive a pre-seed funding of $2,00,000, and an additional funding of $1.5 million after completing the programme

In India, VC investment dropped more than 50 per cent—from $7.5 billion to $2.6 billion quarter-over-quarter

The early-stage venture capital fund has invested in MyoWorks and D-NOME