Cheap money is done, and profits are sexy again, but it's still a great time to start up in India, investors say
In India, private equity and venture capital funding was 27 percent lower in April 2022, compared with the same period last year, according to accounting firm EY and Indian PE and VC Association (IVCA)
Illustration: Chaitanya Dinesh Surpur
There were 14 Indian unicorns anointed in the first three months of 2022. And then none in April, and May managed to throw up one, according to the unicorn tracker by Venture Intelligence, a data insights company that tracks the Indian startup ecosystem.
On May 12, Masayoshi Son, CEO of Japan’s SoftBank Group, one of the biggest investors in India’s startup ecosystem, said the strategy ahead would be one of “defence”, after the world’s biggest tech investor—that has backed several Indian unicorns—reported record losses at its Vision Funds in the first three months this year.