Compensation check

Just wanted to check if my compensation is as per industry standards. I have 2.5 years of exp as a ML Engineer (focused on deep learning and computer vision). Graduated from tier 3 college in 2020 but have pretty good skill sets for the domain. Joined a Series C funded startup last year in July for BP of 14.5LPA along with JB of 1L and ESOPs worth ~7L. Just got an appraisal of 10% now and now my base is ~16L.

I feel I should have got more appraisal considering my compensation is low for my experience and I should be having somewhere around 18-20L. Am I thinking correct or is it me being greedy?