2021 was a pivotal year for the Indian venture capital (VC) investment landscape—a convergence of heady tailwinds coming together in a record growth year as VC funding reached $38.5B with several highlights –
* Investments in India grew 3.8x over 2020, faster than China’s (1.3x)
* Share of VC funding in India accounted for greater than 50% of overall private equity (PE) and VC investments in the country in 2021
* 44 unicorns were minted in India, exceeding China’s 42 unicorns in the year
This year was also a defining year for exits. Total VC exits reached north of $14B across secondary transactions and initial public offerings (IPOs).
This report by Bain & Company, summarises the year it has been for the the Indian Venture Capital ecosystem in 2021 and highlights the emerging opportunities in 2022.