Venture capital (VC) investments in India doubled from the previous quarter’s high of $6.7 billion in the second quarter of calendar 2021 to $14.4 billion in Q3, according to KPMG’s Private Enterprise’s Venture Pulse report.
There were 498 VC deals in the country in this quarter as against 376 in the previous quarter. In addition, India had four of the largest deals in the Asia-Pacific in the July-September period.
Q3 witnessed strong IPO activity, which will strengthen in the current quarter, the report indicated.
Edtech was seen as an active sector, while fintech continued to attract significant investment and attention from investors. KPMG said that the Vice Chancellors have also shown keen interest in the Insurtech sector.
“Money is pouring in to consumer tech companies, D2C companies, fintech companies and others in India, and it is only going to get stronger. Looking ahead, there are some big IPOs coming down the pipe and, assuming they are going well, this is only going to strengthen investor confidence even further,” said Nitish Poddar, Partner and National Leader, Private Equity , KPMG in India said.
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