A total of 984 venture capital (VC) funding deals were announced in India during January-October 2024 which was a year-on-year (YoY) improvement of 5.8% in deal volume. Meanwhile, the total disclosed funding value of these deals jumped by 44.4% YoY to $9.2 billion during the same period, according to GlobalData a leading data and analytics company.
An analysis of GlobalData’s Deals Database revealed that a total of 930 VC deals were announced in India during January-October 2023 with the total disclosed funding value of these deals pegged at $6.4 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Investor confidence seems to be reviving as India demonstrates significant improvement in VC funding activity during the year compared to peer countries. In fact, it was among the few key markets that witnessed the improvement in both deal volume and value during January-October 2024. Moreover, India continues to remain among the top five markets globally for VC funding activity in terms of deal volume as well as value.”
India accounted for 7.1% share of the total number of VC deals announced globally during January-October 2024, whereas its share in terms of total disclosed funding value stood at 4.2%.
Noteworthy venture capital funding deals in India from January to October 2024 include Zepto’s $665 million raised in June, followed by an additional $340 million in August. Other significant funding rounds include Meesho securing $300 million, PharmEasy raising $216 million, PhysicsWallah securing $210 million, and Purplle raising $178.4 million.
Bose concludes: “With strong funding rounds and a notable increase in activity, India is well-positioned to maintain its status as one of the top global destinations for venture capital, reflecting the country’s dynamic entrepreneurial ecosystem and potential for sustained growth.”
