Indian Startups Secure $11.3 Billion in Venture Capital Funding in 2024
By MYBRANDBOOK
India saw a notable improvement in venture capital (VC) funding activity in 2024 compared to the previous year. While both deal volume and total funding value increased, the growth was particularly significant in terms of value. The number of VC deals rose by 6%, from 1,102 in 2023 to 1,168 in 2024, whereas the total disclosed funding value surged by 43%, from $7.9 billion in 2023 to $11.3 billion in 2024, according to GlobalData a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The dent in investor sentiment that the market experienced for the past few years seems to have faded, with the renewed appetite for big-ticket deals further underscoring this recovery.”
An analysis of GlobalData’s Deals Database revealed that the average size of VC deals announced in India, which stood at around $7 million in 2023, increased to around $10 million in 2024. Meanwhile, the number of VC deals valued more than or equal to $100 million announced in India increased from 14 to 21.
Some of the notable VC funding deals announced in India during 2024 include $665 million, $350 million, and $340 million secured by Zepto across three separate funding rounds. Other significant deals include Meesho raising $300 million, PharmEasy securing $216 million, and PhysicsWallah receiving $210 million, among others.
Bose adds: “It is noteworthy that driven by the improvement in funding activity, India’s share in the global space has improved.”
India, which accounted for 5.5% of the total number of VC deals announced globally during 2023, accounted for 7.1% share of deal volume in 2024. Meanwhile, India saw its share of the total disclosed funding value increase from 3.3% in 2023 to 4.2% in 2024.
Bose concludes: “India’s strong rebound in VC funding activity reflects growing investor confidence and the market’s resilience. The rise in big-ticket deals and the increase in India’s share of global VC investments highlight the country’s expanding influence in the startup ecosystem. As investor sentiment continues to improve, India seems to be well-positioned to attract further funding and drive innovation across key sectors.”
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