Summary:
Venture capital (VC) activity in India increased to US$ 16.77 billion across 888 deals from January to November 2024, representing a 14.1% rise in value and a 21.8% increase in deal count compared to 2023. The technology sector led with US$ 6.50 billion, marking a 52.5% year-over-year growth. Notable transactions included KiranaKart Technologies (Zepto) for US$ 1.3 billion and Poolside AI SAS for US$ 500 million. Industry executives anticipate continued growth through 2025, with more IPOs.
Experts like Mr. Bhaskar Majumdar and Ms. Sajith Pai forecast a positive transition in the Indian startup ecosystem, with significant easing expected in 2025. Despite concerns about the economy's reliance on the India1 engine, which contributes significantly to GDP, confidence remains high as capital flows continue. The energy shift presents new opportunities for electric mobility and green hydrogen, while traditional sectors such as fintech and e-commerce continue to attract investment. Additionally, deep tech, robotics, and IP-led firms are expanding.
Source: IBEF
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