The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger. However, the spotlight now is on late-stage startups, many of which are seen to be headed for initial public offerings (IPOs). Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better, especially for those that exhibit a clear path to an IPO.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
Foreign investment in India's start-ups has plummeted 72 per cent to $4.58 billion so far, from $16.2 billion during the same period last year.
With 16 start-ups gaining unicorn status in 2021, India's tally has touched the 50 mark. The newest entrant to this list include Pune-based MindTickle, which is close to finalising a $100-million funding round from Softbank's Vision Fund 2, taking the company's valuation to $1.1 billion.
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
SWF is a state-owned investment fund comprising of financial assets such as stocks, bonds, property, precious metals and other financial instruments that are invested globally.
SWF is state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments.
The global survey of 450 unlisted PE funds by research firm Preqin has found that during January-June period, 11 Infra funds made aggregate commitments of $12.6 billion.
According to a report by international research firm Preqin, 623 private equity funds worldwide raised an aggregate $49.9 billion in the January-March quarter of the 2011 calender year, 72 per cent higher than year-ago period when 470 deals valued at $29 billion were completed.
A total of 93 funds reached a final close in 2009, receiving commitments of $40.5 billion. In 2008, 228 funds raised an aggregate $134.3 billion, according to global research firm Preqin.
Meanwhile, 117 Pan-Asian private equity players - with India as focus -- aim to raise funds worth $59 billion, says UK-based Preqin, an alternative assets research and consultancy group. On a global platform, he said, majority of investors remain positive towards private equity. Aditya Birla Private Equity is an example.
According to a report by global research firm Preqin, investor interest in the asset class would recover by the end of 2009 and start to make up the current deficit. In the first half of 2009, three unlisted PE infrastructure funds mopped up $3.5 billion and all the fund closures came in the first quarter.
Banks are allowed to invest up to 10 per cent of the paid-up or unit capital in Category-I or Category-II Alternative Investment Funds
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