India's Venture Capital Funding Rises 43% to $13.7 Billion in 2024

The report noted that the consumer technology, software and SaaS (including generative AI) & fintech sectors attracted over 60% of the total funding

- OUR CORRESPONDENT

NEW DELHI: India's Venture Capital (VC) ecosystem exhibited robust growth in 2024, with funding surging 43 percent year-on-year to $13.7 billion, according to a report.

This recovery was fueled by a 45 percent rise in deal activity, with 1,270 transactions recorded, reinforcing India's position as the second largest market for venture capital and growth funding in the Asia-Pacific region, the report by Bain & Company and IVCA said.

"Small- and medium-ticket deals (< $50 million), which made up around 95 percent of the deals, increased by 1.4x, whereas $50 million+ deals nearly doubled, rebounding to pre-pandemic levels as high-quality assets attracted deployments. Megadeals ($100 million+) also rebounded with a 1.6x increase in volumes as investors backed high-quality companies that successfully weathered the two-year funding winter," it said.