Indian startups raised USD 6.3 billion across 672 venture capital (VC) deals between January and July 2024, marking a 42 per cent year-on-year increase in funding, according to media reports. This growth occurred despite a cautious global investment environment, which saw a minimal 1.2 per cent increase in deal volume, reflecting investor confidence in India's potential.
In comparison, during the same period in 2023, India secured 664 VC deals with a disclosed funding value of USD 4.4 billion, as per the data. Key deals in 2024 included Zepto's USD 665 million funding round, Meesho raising USD 300 million, and PharmEasy securing USD 216 million.
The increase in funding value despite the marginal growth in deal volume was attributed to these high-value transactions. According to media reports, India accounted for 7 per cent of total VC deals announced globally in the first seven months of 2024, with a 4.3 per cent share of the disclosed funding value.
India remains a key market for VC funding activity in the Asia-Pacific region, standing next to China, and is among the top five global markets in terms of deal volume and value. Despite global uncertainties, the country’s startup ecosystem continues to attract substantial capital, reinforcing its position in the global venture landscape.
