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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..