India to witness stagnant VC investment in Q1 2023: KPMG report

23 Jan 2023 CW Team

According to a new report, VC investment in India is expected to remain soft in the first quarter of 2023 before picking up in the second quarter, owing to India's strong growth and consumption expectations.

According to the KPMG a Private Enterprise Venture Pulse' report, VC investment in India remained slow quarter over quarter as VC investors, primarily from the United States, continued to take a wait-and-see approach due to global macroeconomic uncertainties.

According to the report, VC investment in agri-tech in the country is expected to increase significantly over the next 12-24 months as startups in the space mature and attract larger funding rounds.

"There's so much entrepreneurship in India and investors see this. A lot have been betting on micro-funds as a way to get their feet on the ground to identify diamonds early -- and this has really worked well for some larger VC funds," said Nitish Poddar, Partner and National Leader, Private Equity, KPMG in India.

Meanwhile, global venture capital (VC) investment fell for the fourth consecutive quarter in Q4 2022, falling from $102.2 billion on 9,767 transactions to $75.6 billion on 7,641 transactions.

According to the report, the decline occurred despite large deals in the energy sector, including alternative energy vehicles, battery technologies, and alternative power generation and distribution technologies, as governments seek to secure energy independence while meeting their climate obligations.

Despite attracting three $500 million+ mega deals throughout the quarter, the US recorded the highest percentage of investment, followed by Asia.

"Globally, we continue to see downward pressure on valuations in early 2023, leading many companies to postpone fundraising efforts in hopes of better times ahead," said Jonathan Lavender, Global Head, KPMG Private Enterprise, KPMG International.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..