Summary:

According to GlobalData, venture capital (VC) financing in India increased by 50.4% year-on-year in the first three quarters of 2024, reaching $8.3 billion. This increase is attributed to a rise in agreements valued at over $100 million. From January to September 2024, 883 agreements were announced, representing a 7.3% increase in volume compared to the same period in 2023, while the total value increased from $5.5 billion in 2023.

High-value deals significantly contributed to this growth, with Zepto raising $665 million and $340 million in two rounds, Meesho securing $300 million, PharmEasy gaining $216 million, and PhysicsWallah receiving $210 million. The number of "big-ticket" agreements increased from ten in Q1-Q3 2023 to fifteen in 2024. Aurojyoti Bose of GlobalData stated that funding hurdles for Indian startups in 2023 are diminishing, indicating a trend toward cautious optimism among investors.

Source: IBEF 

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