Venture capital (VC) deals in India increased 45.3 percent in terms of deal value in the first half of 2024.
The substantial growth in VC value is despite the number of VC deals in India dropped 2.1 percent in the first half of 2024.
The average size of VC deals increased from $6.5 million in H1 2023 to $9.7 million in H1 2024.
An analysis of GlobalData’s Deals Database revealed that India witnessed the announcement of a total of 572 VC deals of worth $5.6 billion during H1 2024 compared to 584 VC deals of worth $3.8 billion in H1 2023.
“The massive jump in VC funding value despite a decline in deal volume can be seen as an indicator of improving investors’ appetite for big investments while also adopting a cautious approach,” Aurojyoti Bose, Lead Analyst at GlobalData, said.
Some of the notable VC funding deals announced in India during H1 2024 include $665 million worth of funding raised by Zepto, $300 million raised by Meesho, $216 million raised by PharmEasy, $150 million raised by Radiance, and $148 million raised by Kogta Financia.
India is among the top five VC markets globally.
India accounted for 7 percent share of the total number of VC funding deals announced globally during H1 2024 while its share of the corresponding disclosed funding value stood at 4.4 percent.
