GlobalData's Deals Database analysis shows that from January to May 2023, India saw 475 VC deals with a disclosed funding value of USD 3.4 billion
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Despite the dropouts, 38 new startups joined the index this year. Notably, travel aggregator ixigo went public with a USD 700 million valuation, skipping the gazelle stage after being identified as a potential unicorn in 2022
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Funding winter in India seems to be waning as the country witnessed an improvement in venture capital funding deals, both in volume and value, in 2024
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