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India witnessed the announcement of a total of 483 venture capital (VC) deals during the first five months of 2024, while the total disclosed funding value of these deals stood at $3.9 billion. This represents year-on-year (YoY) growth of 1.7% in terms of VC deals volume and 15.6% in terms of total funding value during January-May 2024, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database revealed that a total of 475 VC deals with a total disclosed funding value of $3.4 billion were announced in India during January-May 2023.

 “With a double-digit YoY growth in VC funding value and some growth in deal volume, India’s startup ecosystem seems to be gaining investor confidence after a period of slowdown,” said Aurojyoti Bose, Lead Analyst at GlobalData. “Interestingly, the top two APAC markets, China and India have seen significant growth in VC funding value during the first five months of 2024. It could be an early indication that the old glory days are back for the APAC region.”