Summary:

According to GlobalData, Indian companies raised $6.3 billion through 672 VC deals between January and July 2024, marking a roughly 43% year-on-year growth. This contrasts with a cautious global investment climate, which saw only a 1.2% increase in transaction volume. During the same period in 2023, India closed 664 deals and secured $4.4 billion in investment. Despite global caution, Mr. Aurojyoti Bose believes ample financing is available for promising entrepreneurs.

Significant venture capital deals this year include Zepto’s $665 million, Meesho’s $300 million, and PharmEasy’s $216 million. Although deal volume increased only slightly, the value of financing surged due to these large transactions. From January to July 2024, India accounted for 7% of global venture capital deals and 4.3% of disclosed funds. Despite global concerns, India and China remain major markets for venture capital in the Asia-Pacific region, with India ranked among the top five globally.

Source: IBEF 

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