Indian startups secured US$ 6.3 billion through 672 venture capital (VC) deals from January to July 2024, marking a nearly 43% YoY increase in funding, according to GlobalData. This growth occurred despite a cautious global investment climate, which saw only a 1.2% increase in deal volume. In comparison, India recorded 664 VC deals with disclosed funding of US$ 4.4 billion in the same period in 2023. Mr. Aurojyoti Bose, lead analyst at GlobalData, noted that while VC investors remain cautious, ample capital is available for promising startups.
Significant VC deals this year include Zepto’s US$ 665 million, Meesho’s US$ 300 million, and PharmEasy’s US$ 216 million. Despite a modest rise in deal volume, the increase in funding value is attributed to large-scale deals. India accounted for 7% of global VC deals and 4.3% of the disclosed funding value from January to July 2024. He highlighted that India, alongside China, is a major market for VC funding in the Asia-Pacific region and ranks among the top 5 globally in deal volume and value. Despite global economic uncertainties, India’s robust pipeline of promising startups continues to attract substantial capital, underscoring its critical role in the global venture ecosystem.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.