Venture capital funding witnesses a hit of $3.1 billion in Q4 of 2020 in India -KPMG report

Author : Damini Chandankar

Venture capital investment in India reached $3.1 billion in the fourth quarter of 2020, with 294 deals. Though Venture capital investment dropped to some degree during the final quarter of 2020, India saw the deals volume increase to its most significant level since Q1 of 2018, as per the KPMG report for Q4 2020.

During Q4, commercial platforms, home deliveries, and online business were the most top notch segments of venture, drawing in most of India's funding rounds of at least $100 million, including a $200 million raise by commercial platform Cars24 and a $660 million raise by food delivery company Zomato.

This solid performance helped drive yearly worldwide Venture Capital investment to $300.5 billion in 2020 - up from $281.6 billion of 2019 and second just to 2018's record $329.7 billion notwithstanding a drop in deal volume.

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