According to the report of Bain & Company & Indian Venture & Alternate Capital Association (IVCA), despite the Venture capital funding for Indian startups in 2023 turned down by 65 percent, the Indian startup ecosystem remains cheerful along with the finely tuned financial deals in 2024 & till now presented the strengthened fundamentals to the country.

Also the report denoted factors such as utilization headroom, fiscal & monetary discipline, geopolitical ranking, & digital infrastructure will persist to fuel cheerfulness among the investors for long term. In the year 2023, there was a persisted temperance as the total Venture Capital Fund estimated at $9.6 billion which is lessen that the $25.7 billion funding secured in the year 2022. Despite the funding decline, still India hold on to its position as the second largest country for funding growth & venture capital in the Asia-Pacific region.

Sharing his perspective on this, Sai Deo, Partner, Bain & Company says, “In a year seemingly rife with hurdles, investors demonstrated resilience by adjusting to the evolving landscape. There was a perceptible shift in investment focus from tech-first bets to more traditional sectors underpinned by strong fundamentals—such as healthcare, retail, and financial services”.

Further he added, "Importantly, innovation remained a focal point for investors, despite a challenging funding environment—evident in both the surge in Generative AI investments and the robustness of deal flow in the electric mobility ecosystem”.

Similarly, the President of IVCA, Rajat Tandon says, “The future for startups and VCs appears to prioritise long-term strategies over thematic investments, focusing on well-governed, profitable ventures generating sustainable returns, thus the ecosystem is entering an era of poised growth, akin to a high-growth curve”.

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