VC Inflows At $16.8 Bn In Jan-Nov

New Delhi: Venture Capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).

Venture capital activity in India from January to November 2024 has surged to $16.77 billion across 888 deals, reflecting a robust 14.1 per cent increase in value and a 21.8 per cent rise in deal count compared to the same period in 2023, according to figures gathered by the India Brand Equity Foundation (IBEF).

The technology sector emerged as the frontrunner, attracting $6.50 billion, a remarkable 52.5 per cent increase year-over-year. Consumer discretionary investments followed with $2.30 billion, up 32.2 per cent, while the financial sector saw a slight decline to $2.20 billion, the IBEF report said.

Noteworthy deals included KiranaKart Technologies (Zepto) at $1.3 billion and Poolside AI SAS at $500 million. Industry leaders express optimism about continued momentum into 2025, with expectations for more initial public offerings (IPOs) and increased activity in later-stage funding rounds as funds that have been cautious begin to deploy capital.

Experts like Bhaskar Majumdar and Sajith Pai foresee a positive shift in the Indian startup ecosystem, anticipating ‘great easing’ in 2025.