Indian funding winter seems to be waning as the country witnessed year-on-year (YoY) improvement in venture capital (VC) funding deals volume and value during January-April 2024. A total of 375 VC funding deals were announced in the first four months of 2024 while the disclosed value of these deals stood at $3.1 billion. This was a YoY growth of 1.1% and 13.8% in terms of VC deals volume and value, respectively, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database reveals that India saw the announcement of 371 VC deals during January-April 2023 while the disclosed value of these deals stood at $2.8 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “When several of its peer countries were witnessing a fall in either VC deals volume or value, and some countries were also experiencing a decline in both, India emerged as a notable exception to register improvement in terms of volume as well as value. It is noteworthy that India, apart from being a key Asia-Pacific country standing just next to China in VC funding activity, is also among the top five markets globally, both in terms of VC funding deals volume and value.”

India accounted for 6.9% of the total number of VC funding deals announced globally during January-April 2024 while its share in terms of value stood at 4.1%.

Some of the notable VC funding deals announced in India during January-April 2024 included $300 million worth funding raised by Meesho, $216 million in capital raised by PharmEasy, $103 million funding raised by Pocket FM, and $100 million capital secured by Shadowfax, among others.

Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain