ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Startups

Indian venture capital industry hits 'brutal' patch

Iron Pillar chief says fundraising taking longer amid global economic slump

Indian startups raised about $26 billion last year, down from $38 billion in 2021, according to management consultancy Bain & Co.   © AP

BENGALURU -- Indian venture-capital fundraising has hit a "brutal" patch, with deals taking far longer to put together than was the case only months ago, one of the industry's top executives said.

Anand Prasanna, managing partner of Iron Pillar, a venture capital company with $400 million under management, told Nikkei Asia that investors remain enthusiastic about the potential of Indian startups but are treading carefully amid concerns about a global economic downturn.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more