Despite global economic uncertainty and a slowdown in deal activity this year, limited partners (LPs) continued to bet big on India, hoping to garner returns from the country’s entrepreneurial ecosystem in the long run.
During the first nine months of 2022, LPs committed $7.7 billion to India-focused private equity (PE) and venture capital (VC) firms, which is at least 54% more than what they had invested in the whole of 2021, according to data from research firm Venture Intelligence.