look news india
New Delhi: Indian startup companies raised $9.2 billion from venture capital (VC) across 984 deals between January and October 2024. This shows an increase of 44.4 percent compared to January-October 2023.
Data analytics company GlobalData said the number of deals increased by 5.8 percent during the period, reflecting investor confidence in the market. In comparison, during the same period in 2023, there were 930 VC deals worth a total of $6.4 billion.
Investor confidence seems to be rising again as India has shown significant improvement in VC funding activity compared to peer countries during the year. In fact, it was one of the few major markets that saw improvement in both deal volume and value during January-October 2024.
India continues to be among the top five markets globally in terms of VC funding activity in terms of deal volume as well as value. India’s share in global VC deal volume during the first 10 months to 2024 was 7.1 per cent and 4.2 per cent in funding value.
The number of announced high-value deals (over $100 million) increased to 16 from 11 in the same period last year, an increase of 45 percent.
India is well-positioned to maintain its position as one of the top global destinations for venture capital, driven by strong funding rounds and significant growth in activity, which will further enhance the country’s vibrant entrepreneurial ecosystem.
