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Venture Capital Activity in India Hits USD 16.77 Billion in 2024
The Business Guardian
|December 29, 2024
Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching USD 16.77 billion across 888 deals, according to India Brand Equity Foundation (IBEF).
This marks a 14.1 percent rise in value and a 21.8 percent increase in deal volume compared to the same period in 2023.
The technology sector led the surge, securing USD 6.50 billion—a substantial 52.5 percent year-over-year increase. Consumer discretionary investments followed at USD 2.30 billion, up 32.2 percent, while the financial sector experienced a marginal dip to USD 2.20 billion. Major deals included KiranaKart Technologies (Zepto) at USD 1.3 billion and Poolside AI SAS at USD 500 million.
Industry leaders are optimistic about sustained growth into 2025, forecasting more initial public offerings (IPOs) and heightened activity in late-stage funding rounds as cautious funds start deploying capital.
Experts like Bhaskar Majumdar and Sajith Pai predict a positive shift in the Indian startup ecosystem, anticipating significant easing in 2025.
This story is from the December 29, 2024 edition of The Business Guardian.
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