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India-focused funds on road to raising around $9.8 bn in CY22: Data

18 funds have already raised $1.74 bn; Asia dry powder pegged at $173.4 bn

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Industry experts said investment would flow into late-stage and growth-stage companies but the speculative early-stage ones would see a slowdown

Shivani Shinde Mumbai
India, which has turned out to be a fast-growing unicorn marketplace, is prodding venture capital (VC) funds to help raise further capital. According to Preqin, an alternative assets data and intelligence platform, India-focused funds are raising about $9.8 billion for the calendar year 2022. However, closure of the funds is taking time.

While $9.8 billion is the target for the year,18 India-focused funds have already raised $1.74 billion. But what is more substantial is the fact that Asia-focused dry powder is $173.4 billion. This shows that funds for investment are not an issue when Asia or India is concerned.

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First Published: Jun 20 2022 | 6:44 PM IST

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