India witnessed a total of 780 venture capital (VC) deals with a disclosed funding value of $7.5 billion between January and August 2024, marking a 5.1% increase in deal volume and a substantial 53.1% rise in funding value compared to the same period in 2023, according to GlobalData, publishers of Retail Banker International.

The analysis of GlobalData’s Deals Database shows that India recorded 742 VC deals worth $4.9 billion during the January-August period last year.

The country has emerged as a leading destination for VC investments in the Asia-Pacific region, second only to China, and ranked among the top five global markets for VC funding in terms of both deal volume and value during the review period.

India accounted for 7.3% of the total global VC deals announced between January and August 2024, with its share of the funding value standing at 4.6%. Notable funding rounds during this period include Zepto’s $665 million and $340 million in two separate rounds, $300 million raised by Meesho, $216 million by PharmEasy, $173.5 million by OYO, and $150 million by Radiance.

The report, titled “Indian startups raise $7.5bn in VC funding during January-August 2024, reveals GlobalData,” was originally published by Retail Banker International, a GlobalData-owned brand.