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Indian startups raise $9.2bn VC funding in Q1 2022, says GlobalData research

A total of 505 venture capital (VC) funding deals were announced in India during Q1 2022 while the disclosed funding value of these deals stood at $9.2 billion, according to GlobalData.

A total of 505 venture capital (VC) funding deals were announced in India during Q1 2022 while the disclosed funding value of these deals stood at $9.2 billion, according to GlobalData.

VC funding volume, which registered a decline in February 2022 compared to the previous month, rebounded in March. However, VC funding value showcased month on month decline in Q1 2022 with February and March registering a decline of 4.3% and 39.9%, respectively.

Some of the notable VC funding deals announced during Q1 2022 in India include $700m raised by Bundl Technologies (Swiggy), $450m funding raised by Polygon Technology, $300m funding raised by NTex Transportation Services (ElasticRun), $300m funding raised by Busybees Logistics Solutions (Xpressbees), and around $250m funding raised by Mogli Labs (Moglix, Moglilabs).

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