India dominates startup ecosystem, venture capital funding increased!
2024 was a historic year for India's startup ecosystem. According to a report by global consultancy firm Bain & Company, venture capital (VC) funding in india grew by 43 percent to $13.7 billion (about Rs 1.14 lakh crore) this year. This growth has not only brought india to the second position in terms of venture capital funding in the Asia-Pacific region, but it also shows that the indian startup ecosystem is fully back on track.
What does the report say?
According to a report by global consultancy firm Bain & Company, a total of 1,270 deals took place in 2024, which is 45 percent more than last year. Small and medium-sized deals (less than $50 million) increased by 1.4 times. Large deals over $50 million almost doubled, returning to pre-Covid levels. Mega deals worth more than $100 million increased by 1.6 times.
Which sectors were in the news?
The consumer technology sector also did well this year. This sector received the highest funding of $5.4 billion, which is double compared to 2023. Big investments were made in quick commerce, edtech and B2C commerce. Companies like Zepto ($1.4 billion), Meesho ($275 million) and Lenskart ($200 million) raised huge funding.
At the same time, generative AI startups also caught the attention of investors. Funding in this sector increased by 1.2 times to $1.7 billion. Apart from this, investment in the BFSI (banking, financial services and insurance) sector increased by 3.5 times, in which affordable housing finance and green financing projects played an important role. At the same time, the consumer and retail sector grew by 2.2 times, especially in F&B (food and beverage) and fashion business.
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