While Indian startups have successfully set a new record for the best-ever fundraising quarter in the first quarter of 2022 – raising around $19 billion, startups in India saw a fall in funding by 37% quarter-on-quarter in Q2 2022. Yet on the flip side, a total of 78 Indian VCs and funds have raised over $12.3 billion.
The clean energy sector is currently one of the most attractive sectors in India. Investment in this sector has hit the record high of $14.5 billion in FY 2021-22, up by 125% compared with FY 2020-21. We believe that the clean energy sector in India is going to be even more attractive this year, especially since it is pushed by these key drivers:
As we are moving to a post-pandemic recovery period, we need to be more mindful of our actions. We cannot afford to repeat the same mistakes in the 2008 financial crisis where fossil fuel consumption and greenhouse gases increased rapidly as economies started to reopen and recover.
IIX Impact Partners have several Indian enterprises in the clean energy sector whose impact have been measured and verified through risk, return and impact framework using IIX’s proprietary impact assessment tool, IIX Values™