Investment in India has remained subdued considering the challenging global environment, and analysts anticipate that the country may remain in a state of stagnation until the end of the year. According to Siddharth Mehta IL&FS Former Director and CIO of Bay Capital, the market has seen a significant decrease in the rate of deal-making, which is attributed to the global economic and geopolitical conditions, as well as inflation and the ongoing conflict in Ukraine. GlobalData indicates that in January 2023, 87 venture capital deals were disclosed in India, amounting to a total of $696.2 million (about $21 per person in the US). This was a decrease of 13.9% compared to the previous month when India saw 101 venture capital agreements for a total of $905 million.