any subscriber of The Daily Crunch newsletter is well aware of how often Indian startups get noticed in our coverage of emerging technology companies around the world. The country’s prominence has probably also risen as the Chinese venture capital market evolves in the face of a changing regulatory environment.
Many Indian companies have recently gone public or started the IPO process. Those exits have only proved useful for recycling capital in the Indian market; They are showing global investors of all stages that startups in the country can go from seed to redwood.
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A long ramp up in venture capital activity since the COVID-19-induced lows in early 2020 has resulted in an Indian startup market going flat-out bonkers. The country’s venture capital data for 2021 is also shocking.
How active is the Indian market today? Ravi Shankar said that India “is passing through the best phase for startups with regard to their ability to raise funding on an ongoing basis”.
The VCs helped us understand what’s going on to set new records not only in terms of capital attracting Indian startups, but also accelerating the overall profits that we’re making once we get closer to the current business supercycle. Can’t watch again for a while.
New records for India’s startup market
When the Q3 venture capital data came down, the exchange got busy digesting hundreds of data points. A dive into fresh quarterly data is almost as good as a new S-1 filing in terms of filling in the gaps in our understanding of the market.
But rare is the chart that really makes us scream out loud: Who’s waiting?! such was the case With CB Insights’ Indian data set Related to quarterly enterprise totals over time: