Investors are pulling out all stops to ensure that their portfolio start-ups utilise the capital to its fullest potential while practising fiscal responsibility to avoid excessive burn rates
The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively, as per the report by industry lobby IVCA and consultancy firm EY
In terms of the number of deals, April 2023 recorded 49 transactions, which is a 55 per cent decline compared to the year-ago period and 32 per cent lower when compared with March
Furthermore, recent events in the global financial world, including the collapse of Silicon Valley Bank and the contagion spreading to other mid-market US banks, have contributed to the overall uncertainty in India's office leasing demand, it added
Domestic investors were significantly more active in FY23, with investment value increasing by 50 per cent in FY23 ($0.9 billion) over FY22 ($0.6 billion)