TLDR:
Key Points:
- Global VC investment fell from $83.8 billion to $75.9 billion in Q1
- India saw an uptick in VC investments despite muted deal activity in Asia
In the first quarter of 2024, despite a fall in global VC investment, Venture Capital investments and deals surged in India. According to the ‘KPMG Private Enterprise Venture Pulse’ report, VC investment in India grew from $1.6 billion across 313 deals in Q4 2023 to $3.2 billion across 354 deals in Q1 2024. India’s VC investments are expected to increase in the coming quarters due to robust GDP growth and stable government at the Centre. Key sectors to watch out for include AI, power tech, health tech, and agritech.
Global VC investment dropped in both the Americas and Asia, but rose in Europe in Q1 2024. The Americas accounted for almost half of global VC funding, with the US receiving the majority of this amount. Asia-Pacific attracted $18.9 billion across 2,305 deals, while Europe saw $17.9 billion across 1,798 deals. VC investors are being cautious in their deal-making due to the dry exit environment in recent months.
The report highlights the importance of fintech in attracting VC investments, despite lower deal values. India’s VC investment landscape remains optimistic, with expectations of continued growth in the coming quarters.
