Indian startups are expected to raise $10-12 billion this year, Peak XV Partners managing director Rajan Anandan said on Monday.

“$10 billion, which is Rs 80,000 crores of funding per year, is enough to build our ecosystem,” he said.

“Last year (funding) was $7 billion. Everybody's like, that's really low. Well, not really. It could have been zero because we got six years’ worth of funding in two years.”

Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.

“Last year (funding) was $7 billion. Everybody's like, that's really low. Well, not really. It could have been zero because we got six years’ worth of funding in two years.”

Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.

On December 13, ET reported that according to Rajan, India has $20 billion of venture capital dry powder, and the primary focus for investors is AI.
According to Rajan, in the next seven to eight years, there will be at least 100 Indian startups that will go for initial public offerings (IPOs).

“Last year, there were 280 companies that went public in India, there were about 40 of them that raised over (Rs) 400 crores of issue value,” he added.

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