Financial Investors Group
Startup Street: India Family Offices Could Supply A Third Of Startup Funds By 2025
20 Jun 2021
Indian startups are estimated to raise around $100 billion of funding by 2025, according to a new report by 256 Networks and Praxis Global Alliance. Of this, about 30% is expected to come from family offices set up by ultra-high net worth individuals.
Increasingly, India’s ultra-rich—those with net worth over $30 million—are setting up family offices to preserve and manage their wealth.Investments in startups by family offices has been on the rise in the past five years. But it still remains in early stage with most such family offices preferring to keep bulk of their money in conventional asset classes like stocks, real estate and gold. That could change in the coming years.