TOKYO -- Venture capital firms that back startups in Southeast Asia and India are raising record sums for new funds as investors shift from China.
Southeast Asia- and India-focused VC funds have raised $3.1 billion so far in 2022, already nearing the $3.5 billion they raised in all of last year, according to data from research company Preqin. In comparison, fundraising by China-focused VCs fell sharply from $27.2 billion in 2021 to just $2.1 billion.