Indian Startups Raise $9.2 Bn VC Funding During Jan-Oct

New Delhi: About 984 venture capital (VC) funding deals were announced in India during January-October 2024, and the total disclosed funding value of these jumped by 44.4 per cent YoY to $9.2 billion during the same period, according to a report on Friday.

The report by GlobalData, a data and analytics company, showed a year-on-year (YoY) improvement of 5.8 per cent in deal volume.

During the same period in 2023, a total of 930 VC deals were announced in India with the total disclosed funding value of these deals pegged at $6.4 billion, the report said.

“Investor confidence seems to be reviving as India demonstrates significant improvement in VC funding activity during the year compared to peer countries. In fact, it was among the few key markets that witnessed the improvement in both deal volume and value during January-October 2024,” said Aurojyoti Bose, Lead Analyst at GlobalData. “Moreover, India continues to remain among the top five markets globally for VC funding activity in terms of deal volume as well as value,” Bose added.