# Survey: India to launch a total of 126 venture capital funds in 2022, raising more than $18 billion

By [BitcoinBSV](https://paragraph.com/@bitcoinbsv) · 2023-01-02

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According to a survey by Inc42, India will launch a total of 126 venture capital funds in 2022, raising a total of more than US$18 billion, three times the amount raised last year. Among the five largest venture capital funds, two are involved in Web3, namely Fund VIII with a scale of US$670 million under Elevation Capital, which is an investor in Polygon, and Accel India VII with a scale of US$650 million under Accel. The fund participated in Atoms' pre-seed round of financing.

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*Originally published on [BitcoinBSV](https://paragraph.com/@bitcoinbsv/survey-india-to-launch-a-total-of-126-venture-capital-funds-in-2022-raising-more-than-18-billion)*
