There has been a sensational turn of affairs in July. First time in many years, VC investments in India has exceeded that of China. According to the Bloomberg report, Indian start-ups have raised almost $8 billion in July while funding to China fell below $5 billion in the same month.
This is being considered a significant milestone for Indian VC-PE investments. Jump in India’s July numbers could be attributed to China’s tech crack-down and Zomato’s bull run. It is being wondered whether it is a one-time good luck or beginning of an interesting trend. Nevertheless, even while speculations are going on, this milestone is a good reason to celebrate.
If the investments in the start-ups segment of last year is compared, this number is up by over 50 per cent at $36 billion. If the trend continues, then the VC-PE investments is being expected to close at approx. $60 billion this year. This is 2 per cent of GDP. It was lower than 1 per cent not very long ago; in the year 2017 – reason enough to be happy about the recent growth!