Venture capital AUM in South Asia has steadily grown over the past 10 years, reaching $15bn as of December 2018.

Fundraising in the region peaked in 2015 when 23 funds secured a combined $3.5bn.

Aggregate capital raised declined sharply the following year but has gradually recovered since.

At $1.6bn, SIDBI in Lucknow, India has raised the most of any