Made-in-India VCs continue to grow in numbers despite economic headwinds

145 new companies were set up in India in the past two years - 123 in 2021 and 22 in 2022: Tracxn data

One measure that shows the success of India’s start-up ecosystem is reflected in the rise of venture capitalists (VC) in the country.

According to Tracxn data, 145 new VC firms were set up in India in the past two years — 123 in 2021 and 22 in 2022. The total number of made-in-India VCs jumped 29 per cent in 2021 compared to 2020, when 95 funds were founded. So far, these new VCs have invested in 2,262 startups, with 1,349 deals in 2021 and 913 in 2022, respectively.

However, even with the growing number of VCs, the funding for startups