India’s venture capital (VC) funding saw a jump of 50.4 per cent year-on-year in the first three quarters of 2024, reaching $8.3 billion, according to data from GlobalData.

       This surge is attributed to an increase in large scale deals valued at more than $100 million.

       A total of 883 deals were announced between January and September 2024, marking a 7.3 per cent rise in deal volume compared to the same period in 2023.

       The disclosed funding value of these deals grew from $5.5 billion in 2023 to $8.3 billion in 2024.

       High-value deals, including $665 million and $340 million raised by Zepto in two separate funding rounds, $300 million raised by Meesho, $216 million raised by PharmEasy, and $210 million worth of funding raised by PhysicsWallah helped drive the uptick, according to GlobalData.

       The number of big-ticket deals jumped from 10 in Q1-Q3 2023 to 15 in the same period of 2024.

       More From This Section

       Meticulous planning behind Kerala GST's massive gold jewellery raids

       HSBC flash India composite PMI rises to 58.6 in Oct; job creation improves

       Premium

       On the table: FinMin to review public sector banks co-lending, MSME credit

       FM Nirmala Sitharaman calls for deeper dialogue on global sovereign debt

       India Inc Q2FY25 revenue growth seen at 5-7%, slowest in 4 yrs: CRISIL

       “The challenge that the Indian start-up ecosystem faced in raising money in 2023 seems to be fading away as VC funding activity has continued to improve this year.", said Aurojyoti Bose, Lead Analyst, GlobalData, "Going by the trend, it is evident that India remains an attractive market for VC firms and it seems now there is a shift in investors’ approach from cautiousness to cautious optimism.”

       India’s share of the global VC deal count stood at 7.2 per cent during Q1-Q3 2024, while its contribution to the total disclosed value was 4.5 per cent.

       “India, apart from being a key Asia-Pacific market standing just next to China, is also among the top five investment destinations globally for VC firms,” said Bose.

       Also Read

       Indian startup Healthify closes $45 mn funding round to drive US expansion

       More jobs, investment: Space industry welcomes Rs 1K crore VC fund

       Cabinet nod for Rs 1K crore venture capital fund for space sector startups

       Premium

       The state of global venture capital: India must avoid Western pitfalls

       Private equity, venture capital bets fall 40% to $8.8 bn in Q2: Report