New investors have emerged in the market providing capital for business in India in 2024. Last year, there were a total of 1,270 deals for raising money, with about 20 percent of the family offices (companies providing money management services) and corporate venture Capital (CVC). Companies prepare their VC funds in CVC. These figures are pointing out that only VC companies are no longer in the market to raise money in India. There were a total of 880 deals in the year 2023, in which VC companies had 15 percent stake.
However, the presence of these two sections remained for deals worth less than $ 1 million. Among the deals in the year 2024 (deals with less than $ 1 million) were recorded at 60-70 percent. This was revealed in the India Venture Capital Report, 2025. The report was released on Monday, which has been prepared by the Indian Venture and Alternative Capital Association (IVCA) and Ben & Company.
The matter is not limited to the figures. The more deals with the $ 10 million in the year 2024 were about 50 percent of the rapidly emerging VC funds, family offices and CVCs. Some big names include Step Stone and Black Capital Partners in Jepto deal ($ 66.5 million), MEMG Family Office in FarmaiG deal ($ 21.6 million) and Hornball Capital for $ 21 million raised by Physics Wale.
The leading private equity and VC funds’ stake in 2024 to reduce the total value of the deals in $ 13.7 billion, which used to be up to 50 percent in 2023. As a result, the faster emerging institutes increased to 65 percent in the new VC and CVC’s share in 2024. Between 2020 and 2025, companies that have deals with more than 1 billion dollars in more than 35 deals or more than 50 crore in more than 50 crores are known as leading VC companies. These companies include Tiger Global, Soft Bank, Essel, LightSpeed Ventures Partners, Norvest Venture Partners and Bloom Venture Advisors.
According to this report, the family office was associated with at least six deals with a total value of more than $ 10 million. In this way, their behalf invested worth $ 1.2 billion. The CVC made four deals worth $ 100 million in four companies, which were worth $ 69.6 million.
However, big investors are still playing a big role and doing more and more deals. Many of them made deals worth more than $ 100 million in 2024 compared to last year. Lightspide increased its number of deals in 2024 to 22 which was 19 in 2023. During the same period, the share of deals worth more than $ 10 million increased from 11 percent to 18 percent.
Nexus venture partners also increased their number of deals from 16 to 17, while its share of deals worth more than $ 10 million increased from 6 percent to 12 percent. However, the share of more than $ 100 million of deals of Bloom and Elevation Capital was lower in 2024 compared to 2023.
Another good thing was that in 2024, VC deals recorded an improvement and the amount from them increased to a level of $ 13.7 billion. That is, it increased by 1.4 times from the level of $ 9.6 billion in 2023. The average value of deals remained stable at a $ 1.1 million level.
Most of the deals took place in the consumer technology segment. The total value of the deals in this section doubled in 2024 to $ 5.4 billion. But the activities related to raising money were reduced by 35 percent to limited to $ 2.7 billion. Among the amount raised, 65 percent came from domestic sources.
First Published – March 10, 2025 | 10:08 pm IST
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