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India sees VC investment fly through the roof during pandemic peak
TIWN
India sees VC investment fly through the roof during pandemic peak
PHOTO : TIWN

New Delhi, July 28 (TIWN) The second and more deadly wave of the Covid-19 pandemic seems to have provided no deterrent for investors as venture capital (VC) investment in the April-June period in India soared past the previous record high set in Q4 (October-December) of 2019.

According to a KPMG report, the high level of VC investment during the period is driven not only by VC investors but also by more traditional funds feeling a sense of FOMO (fear of missing out), given the broad applicability of digital business models in the pandemic.  A diversity of companies are attracting VC investment in India, in particular those focused on direct-to-consumer offerings, including e-commerce, food delivery, hyper-local grocery delivery, video sharing, and gaming, according to the Q2'21 edition of Venture Pulse - a quarterly report published by KPMG Private Enterprise on VC trends globally and in key jurisdictions around the world.  India has also seen a growing range of fintech companies raising significant funding rounds during the quarter.  Investors have continued to pour money into edtech companies in India. Food delivery was also very hot in Q2'21, the report said.
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