Indian Startups Elevate $9.2 Bn VC Funding Throughout Jan-Oct: Report | Economic system Information
New Delhi: About 984 enterprise capital (VC) funding offers have been introduced in India throughout January-October 2024, and the whole disclosed funding worth of those jumped by 44.4 per cent YoY to $9.2 billion throughout the identical interval, in keeping with a report on Friday.
The report by GlobalData, a knowledge and analytics firm, confirmed a year-on-year (YoY) enchancment of 5.8 per cent in deal quantity.
Throughout the identical interval in 2023, a complete of 930 VC offers have been introduced in India with the whole disclosed funding worth of those offers pegged at $6.4 billion, the report mentioned.
“Investor confidence appears to be reviving as India demonstrates important enchancment in VC funding exercise through the yr in comparison with peer nations. Actually, it was among the many few key markets that witnessed the development in each deal quantity and worth throughout January-October 2024,” mentioned Aurojyoti Bose, Lead Analyst at GlobalData.
“Furthermore, India continues to stay among the many high 5 markets globally for VC funding exercise by way of deal quantity in addition to worth,” Bose added.
Additional, the report confirmed that India accounted for a 7.1 per cent share of the whole variety of VC offers introduced globally throughout this era. Then again, its share by way of the whole disclosed funding worth stood at 4.2 per cent.
Noteworthy enterprise capital funding offers in India between January and October embrace Zepto’s $665 million raised in June, adopted by a further $340 million in August.
Different important funding rounds embrace Meesho securing $300 million, PharmEasy elevating $216 million, PhysicsWallah securing $210 million, and Purplle elevating $178.4 million.
“With robust funding rounds and a notable enhance in exercise, India is well-positioned to take care of its standing as one of many high international locations for enterprise capital, reflecting the nation’s dynamic entrepreneurial ecosystem and potential for sustained development,” Bose mentioned.
