TLDR:
- Venture capital investment in India doubled to $3.2 billion across 354 deals in the March quarter.
- Key transactions in Fintech included KreditBee, SK Finance, and Perfios.
A new report reveals that venture capital investment in India doubled sequentially in the March quarter, reaching $3.2 billion across 354 deals. This outperformed a subdued global market, with Fintech attracting investor attention in the country. Key transactions in this sector included KreditBee ($209 million), SK Finance ($160 million), and Perfios ($80 million). The report also highlights that globally, VC investments fell to $75.9 billion across 7,520 deals in Q1 2024. However, cleantech and artificial intelligence (AI) stood out with substantial investments. The report pointed out emerging trends for the June quarter, including heightened investor interest in the crypto and blockchain sector, defence and security technologies, and artificial intelligence.
