Indian startups, which are clocking record inflows of venture capital this year, will gain further as global capital moves away from China amid a tech crackdown in that country, founders and investors say.

About 160 funding deals were closed in the three months to June 30, up 2% from the January-March period, while fundraising rose 71% to $6.5 billion, according to a report by Nasscom and PGA Labs.

At least 50 digital technology companies could be listed on the Indian bourses over the next few years, said Atul Mehra, managing director — investment banking, JM Financial.