DECEMBER 20249According to a GlobalData report, venture capital funding in India rose by 50.4 percent year-on-year to $8.3 billion in the first three quarters of the year 2024. More than $100 million deals were reported, reviewed by data analytics and consulting company.The Startup Landscape in India in 2024The Indian startup sector is booming in 2024. More and more new ventures are being formed; many of them attract the attention of venture investors. Today, there are startups in almost all types of industries adding to the growth and development of the Indian economy.Technology is the driving force for all types of standardization, as it has great potential for adding value to all types of products, services, and solutions. Many entrepreneurs have come up with innovative ideas leveraging advanced technologies like AI, AR/VR, blockchain, and more. Through these innovations, people are changing the way they live and operate their businesses in India.More successful startups are also emerging, particularly unicorns, or startups valued at more than $1 billion. This indicates that the startup ecosystem is growing and more startups are achieving unimaginable success. With new possibilities and creative ideas popping up by various startups, 2024 is a well-planned year for India's startup eco-system. India's Top 10 Venture Capital Firms for 2024 InvestmentsThe number of venture capital firms investing on Indian startups has drastically increased in the year 2024. From January to September (Q1-Q3) 2024, India saw 883 venture capital (VC) funding deals worth $8.3 billion.Such companies have been instrumental in the expansion and growth of the socio-economic status in India. The following list shortlisted is the top ten venture capital firms investing on Indian Startups:1. Stride Ventures: Stride is a venture debt firm based in New Delhi founded by Ishpreet Singh Gandhi in 2019. In the first half of this year, it supported around 46 startups, including notable investments in LendingKart's 100 crore funding round and electric vehicle companies like Ola Electric and Ather Energy.Stride claims to have over 140 startups in its portfolio, which includes companies from various sectors such as fintech, agritech, B2B, SaaS, and mobility. Some of the startups in its portfolio are Bira91, BluSmart, BlueStone, Infra.market, and Jupiter. In 2024, Stride also successfully closed its Stride Ventures India Fund III, raising $165 million.2. Accel India: In India, Accel is preparing to invest in its eighth startup, aiming to raise $600-700 million by the end of 2024. This will be the first major venture capital fundraising since the funding slowdown in 2022, resulting in boosting the market value soon.The firm's stable team and strong history of success is likely to attract interest from investors. Accel is known for its early investments in companies like Flipkart and Freshworks and wants to keep its focus on early-stage startups. The company culture is praised for its teamwork and approach to failures by identifying the gaps in the sector has been identified.3. Ah! Ventures: In the first half of 2024, the Mumbai-based venture capital firm supported 28 startups, including Agrielectric, a company in the agritech sector, Barbrew Beverages, which specializes in alcoholic beverages, and Push Sports, focusing on sports education and infrastructure.Founded in 2009 by Abhijeet Kumar and Harshad Lahoti, the firm primarily invests in early-stage startups with funding amounts under $10 million. To date, they have invested in 127 startups and successfully completed 17 exits. Their portfolio features companies such as Parksmart, Niki.Ai, LoanAdda, and many others.4. 3one4 Capital: The venture capital firm based in India, 3one4 Capital, invests in early-stage startups. They are committed to supporting innovative companies in sectors such as technology, consumer goods, and healthcare. The firm aims to help these startups grow by providing not only financial support, but also a guidance.3one4 Capital is a venture capital firm founded in 2015, based in Bengaluru, India. Over the past 9 years, it has invested in 118 companies, at an average rate of 12 new investments each year since past 5 years.In 2024, 3one4 Capital has made 11 investments so far. The most recent investments are on Everstage and AGNIT Semiconductors.5. Bessemer Venture Partners: Bessemer Venture Partners invests in the tech-service-based and software-based businesses that commonly operate in SaaS (Software as a Service) lines of business. The firms facilitate long-term growth by providing companies with capital, strategic counsel, and broader connectivity to networks.They closed almost $2.475 billion BVP XI fund focused on early-stage companies, $825 million Century II fund designed for growth-stage companies, and our first dedicated $220 million India fund to back the next generation of innovators in the country.In 2024, Bessemer Venture Partners has invested in 808 companies, including 66 unicorns; top firms are Okta and Shopify.6. Nexus Venture Partners: Their focus of investment is consumer services and technology, till date the company has raised its largest India fund of $700 million.
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