Indicators of funding winter waning: Indian start-ups raised $3.1 b throughout Jan-April 2024

After a number of quarters of funding winter, Indian start-ups have witnessed a progress in funding in January-April in 2024. In response to knowledge and analytics agency GlobalData, start-ups within the nation raised $3.1 billion in enterprise capital funding through the 4 months, displaying a progress of 1.1 per cent over the mixture funds raised in the identical interval final yr.

Throughout January-April 2023, start-ups raised funds to the tune of $2.8 billion. “The Indian funding winter appears to be waning because the nation witnessed year-on-year (y-o-y) enchancment in enterprise capital (VC) funding offers quantity and worth through the interval,” it stated.

A complete of 375 VC funding offers had been introduced through the interval, which fetched $3.1 billion.

“There is a rise of 13.8 per cent within the variety of offers when in comparison with the variety of offers (371) registered through the corresponding interval final yr,” it stated.

“When a number of of its peer international locations had been witnessing a fall in both VC offers quantity or worth and a few international locations had been additionally experiencing a decline in each, India emerged as a notable exception to register enchancment when it comes to quantity in addition to worth,” Aurojyoti Bose, Lead Analyst at GlobalData, stated.

India has emerged as top-five markets globally so far as VC investments are involved each when it comes to VC funding offers quantity and worth.

“India accounted for six.9 per cent of the entire variety of VC funding offers introduced globally throughout January-April 2024 whereas its share when it comes to worth stood at 4.1 per cent,” he stated.

A few of the key offers introduced throughout January-April 2024 included $300 million price funding raised by Meesho; $216 million in capital raised by PharmEasy; $103 million funding raised by Pocket FM; and $100 million funding secured by Shadowfax.