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Shrugging off a funding winter, Indian startups witnessed an infusion of $11.3 billion in 2024, up by 43 per cent from $7.9 billion in 2023.3
India, which accounted for 5.5 per cent of the venture capital deals announced globally during 2023, accounted for 7.1 per cent of deal volume in 2024. Meanwhile, India saw its share of total disclosed funding value increase from 3.3 per cent in 2023 to 4.2 per cent in 2024.
Both the average size of VC deals and deals beyond $100 million surged in India in 2024. The average VC deal size rose from $7 million in 2023 to $10 million in 2024. The number of VC deals valued at $100 million or more increased from 14 to 21.
The number of VC deals rose by 6 per cent., from 1,102 in 2023 to 1,168 in 2024, according to data and analytics company GlobalData.
“The dent in investor sentiment that the market experienced for the past few years seems to have faded, with the renewed appetite for big-ticket deals further underscoring this recovery,” Aurojyoti Bose, Lead Analyst at GlobalData, said. “It is noteworthy that, driven by the improvement in funding activity, India’s share in the global space has improved,” he added.
Some of the notable VC funding deals announced in India during 2024 include the $665 million, $350 million, and $340 million secured by Zepto in three funding rounds, respectively; Meesho raising $300 million; PharmEasy securing $216 million; and PhysicsWallah $210 million.
“India’s strong rebound in VC funding activity reflects growing investor confidence and the market’s resilience. The rise in big-ticket deals and the increase in India’s share of global VC investments highlight the country’s expanding influence in the startup ecosystem,” Bose said.
“As investor sentiment continues to improve, India seems to be well-positioned to attract further funding and drive innovation across key sectors,” he added.
Published on January 31, 2025
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