Venture Capital

India’s venture capital funding surges 43% to $13.7 billion in 2024

India’s venture capital (VC) ecosystem witnessed a strong resurgence in 2024, with total funding reaching $13.7 billion—a 43% increase compared to the previous year, according to a report by global consultancy Bain & Company released on Tuesday. The report highlights a sharp rise in deal activity, with 1,270 transactions recorded, marking a 45% increase in deal volumes. This growth solidifies India’s position as the second-largest market for venture capital and growth funding in t...

October 24, 2024 11:03 PM

PM Modi lauds launch of ₹1,000 crore VC fund for space sector, says it will drive innovation

Prime Minister Narendra Modi hailed the Union Cabinet’s decision to set up a ₹1,000 crore Venture Capital (VC) Fund dedicated to the space sector, stating that it will have a phenomenal impact on the youth and foster innovation in India’s growing space industry. In a post on X, PM Modi expressed optimism about the fund’s role in creating opportunities for young innovators. "Excellent news for the space sector! The Cabinet’s decision to establish a Venture Capital Fund will give opport...