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Indian VC investments hit by economic uncertainties in Jan-Mar: KPMG

China India city Mumbai covid-19 2020 pandemic
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MUMBAI: After a record-breaking $6 billion worth of investments in Q4 of calendar 2019, venture capital (VC) investment in India slumped to $2.2 billion in the first quarter of 2020, in part due to economic and political uncertainty, according to a report by KPMG.

Initially, India was not as affected by covid-19 in Q1 (January-March) CY20 as much as China. In February, the pandemic began creating turmoil in global markets and after the World Health Organisation declared it a pandemic in early March, governments across the world took unprecedented steps to curb the spread of the virus.

Concerns intensified later in the quarter, due, in part, to the fact India receives a significant investment from international VC firms and corporates.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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