Indian startups seen raising $10-12 billion this year: Peak XV’s Rajan Anandan
Indian startups are expected to raise $10-12 billion this year, Peak XV Partners managing director Rajan Anandan said on Monday.
“$10 billion, which is Rs 80,000 crores of funding per year, is enough to build our ecosystem,” he said.
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“Last year (funding) was $7 billion. Everybody's like, that's really low. Well, not really. It could have been zero because we got six years’ worth of funding in two years.”
Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.
On December 13, ET reported that according to Rajan, India has $20 billion of venture capital dry powder, and the primary focus for investors is AI.
Scaled startups that got funding in the boom period of 2020 and 2021 are expected to seek additional money in 2024, as per a report by Bain & Company and Indian Venture and Alternate Capital Association (IVCA).
Additionally, risk-capital investors looking to widen the base of their investments could turn to more traditional businesses
