Venture Capital (VC) funding in India rises up to 50.4% percent year-on-year in the first three quarters of calendar 2024, by reaching $ 8.3 billion, according to a report given by GlobalData.

The data analytics and consulting company features the flow to increase in deals those values at more than $100 million each. A total of 883 deals were announced between the months of January and September 2024, marking a 7.3 per cent rise in volume compared to the same period in 2023
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The disclosed value of these deals grew from $5.5 billion in 2023 to $8.3 billion in 2024.
According to GlobalData, “The really helped by high-value deals which included $665 million and $340 million raised by Zepto in two separate funding rounds, $300 million by Meesho, $216 million by PharmEasy and $210 million by PhysicsWallah”.

The number of big-ticket leaps from 10 in Q1-Q3 2023 to 15 in the same period of 2024.According to Aurojyoti Bose, Lead Analyst of GlobalData, says that, “The challenge that the Indian Startup ecosystem faced in raising money in 2023 seems to be fading away as VC funding activity has continued to improve this year”.

He further added that “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”.
According to Bose, “India, apart from being a key Asia-Pacific market standing just to China, is also one of the key investors in investing destinations globally for VC firms”.