Indian startups raise $7.5 billion in VC funding

Apart from being the top VC investment destination in the APAC region after China, India was also among the top five markets in the world for venture capital funding activity both in terms of deal volume and value during the review period

A total of 780 venture capital deals with disclosed funding value worth $7.5 billion were announced in India during January to August 2024, marking a year-on-year improvement of 5.1% in terms of volume and a significant 53.1% rise in funding value compared to the same period in previous year, according to GlobalData, publishers of RBI.

An analysis of GlobalData’s Deals Database reveals that India witnessed announcement of a total of 742 venture capital deals during January-August 2023 while the total disclosed funding value of these deals stood at $4.9 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, said: The marked rise in venture funding value highlights the burgeoning investor confidence in India’s startup ecosystem. India’s performance signals a promising landscape in the venture capital funding market.

Apart from being the top VC investment destination in the Asia-Pacific (APAC) region after China, India was also among the top five markets in the world for venture capital funding activity both in terms of deal volume and value during the review period.

India accounted for 7.3% share of the total number of VC deals announced globally during January-August 2024 while its share of the corresponding funding value stood at 4.6%.

Some of the notable venture capital funding deals announced in India during January-August 2024 include $665 million and $340 million raised by Zepto in two separate funding rounds, $300 million worth funding raised by Meesho, $216 million worth funding raised by PharmEasy, $173.5 million worth funding raised by OYO, and $150 million worth funding raised by Radiance, among others.