"As expected, India has seen an uptick in
"This will only increase in the coming quarters given our robust GDP growth, strong demographics and expectation of stable government at the Centre. AI, power tech, health tech and agritech are some key sectors to watch out for," he added.
Meanwhile, global VC investment fell slightly from $83.8 billion across 9,458 deals in Q4 2023 to $75.9 billion across 7,520 deals in Q1 this year amid geopolitical tensions, the extended drought in exits among VC-backed companies, and a continued pullback in investment at later deal stages.
VC investment dropped in both the Americas and Asia this quarter, while it rose in Europe, the report mentioned.
The Americas accounted for almost half of global VC funding in Q1 ($38.2 billion across 3,205 deals) - with the US accounting for the vast majority of this amount ($36.6 billion across 2,882 deals).
Meanwhile, Asia-Pacific attracted $18.9 billion across 2,305 deals, while Europe saw $17.9 billion across 1,798 deals, the report said.
"Given how dry the exit environment has been for the last 18 months, it's no surprise VC investors are being very conservative in their deal-making right now," said Conor Moore, Global Head, KPMG Private Enterprise, KPMG International.
SEE ALSO:
Google Pixel 8a may be more expensive than its predecessor, as per a new leak
At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship
Telecom companies may hike tariffs by up to 17% after the general elections, predict analysts