Total technology industry cross border venture financing deals worth $1.2bn were announced in India in April 2022, led by $805m venture financing of Verse Innovation, according to GlobalData’s deals database.

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The value marked an increase of 46.2% over the previous month of $820.81m and a drop of 19.5% when compared with the last 12-month average of $1.49bn.

India held a 14.87% share of the global technology industry cross border venture financing deal value that totalled $8.07bn in April 2022.

In terms of cross border venture financing deal activity, India recorded 36 deals during April 2022, marking a decrease of 10.00% over the previous month and a drop of 12.20% over the 12-month average.

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India technology industry cross border venture financing deals in April 2022: Top deals

The top five technology industry cross border venture financing deals accounted for 81.7% of the overall value during April 2022.

The combined value of the top five technology cross border venture financing deals stood at $977.8m, against the overall value of $1.2bn recorded for the month.

The top five technology industry cross border venture financing deals of April 2022 tracked by GlobalData were:

1) Baillie Gifford,Canada Pension Plan Investment Board,Luxor Capital Group,Sofina Group and Sumeru Ventures $805m venture financing deal with Verse Innovation

2) The $65m venture financing of Boston Ivy Healthcare Solutions by Ackermans & Van Haaren,CDC Group,Creaegis,HealthQuad,KOIS INVEST and Lighthouse Advisors India

3) A91 Partners,Alpha Wave Investors,Binny Bansal,Innoven Capital,Pacific Western Bank and Stride Ventures $46.8m venture financing deal with Vogueme Technologies

4) The $31m venture financing of Visionary FinancePeer by 9Unicorns Accelerator Fund,Aavishkaar Capital,Ardent Ventures,Atlanta US,DMI Finance,LC Nueva AIF,Maxar.vc and QED Fund I

5) Beenext,Elevation Capital (India),Kunal Shah,Matrix Partners,Sai Srinivas,Saurabh Gupta and Sequoia Capital V $30m venture financing deal with AppsForBharat