ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Indian venture capital firms are pinning their fundraising hopes on investors in the Middle East and Southeast Asia. (Source photos by AP and Kosaku Mimura) 
Market Spotlight

Indian venture capitalists chase Asian cash as U.S. money dries up

Finding American backers for a new fund is 'like getting admission at Harvard'

SAYAN CHAKRABORTY, Nikkei staff writer | India

BENGALURU -- Indian venture capital firms are turning to the Middle East and Southeast Asia for funding as traditional U.S. backers retreat in response to tightening credit conditions and the uncertain outlook for initial public offerings.

The search for investors closer to home marks the latest chapter in a tumultuous period for Indian VC firms, which flourished at the start of the decade on hopes that their country would be the "next China" but hit tougher times in the second half of 2022.

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