As April bids farewell, let’s look the ups and lows in the Indian startup ecosystem throughout the month. As we set the context, the numbers speak for themselves.
Highlights that we will be exploring;
- Deal Volume
- Total Value
- Top 3 Deals
- Top Investors
- Deal Volume (Investor Type)
Startup Funding Deal Volume (Apr 2023 – Apr 2024)
April 2024 witnessed a 16% drop in deal volumes compared to the previous month.
![April 2024: Startup Funding Deal Volume (Apr 2023 - Apr 2024).
In Apr 2024, deal volumes dropped 16% MoM but was 24% higher than the deal volume in April 2023.
Note: This does not include debt and secondary rounds. Only funding raised by companies headquartered in India has been considered. Startups, for the purpose of this study, are defined as companies incorporated in 2009 or later.](https://blog.privatecircle.co/wp-content/uploads/2024/05/jCm4I-1-1.png)
However, there’s a silver lining – deal volumes soared by a remarkable 24% compared to April 2023, showcasing resilience amidst challenges.
Startup Funding Total Value (Apr 2023 – Apr 2024) (₹ cr)
While the amount raised took a slight dip of 10% from the previous month of March, April 2024 echoed the rhythms of April 2023, with a 1% increase in the total funding value.
![April 2024: Startup Funding by Value (Apr 2023 - Apr 2024) (₹ cr).
In April 2024, the amount raised by the startup ecosystem dropped by 10% compared to last month. In comparison to April 2023, the amount raised was up by 1% showing almost similar deal activity as a year earlier.
Note: This does not include debt and secondary rounds. Only funding raised by companies headquartered in India has been considered. Startups, for the purpose of this study, are defined as companies incorporated in 2009 or later.](https://blog.privatecircle.co/wp-content/uploads/2024/05/plc9F-1.png)
Startup Funding Top 3 Deals (₹ cr)
Pharmeasy emerges as the champion of April with a monumental raise of ₹1,800 crores.
![April 2024: Top 3 Deals (₹ cr).
Pharmeasy raised the biggest round of ₹1,800 crores from MEMG Family Office, Prosus, 360 ONE, Temasek, and others.
Note: This does not include debt and secondary rounds. Only funding raised by companies headquartered in India has been considered. Startups, for the purpose of this study, are defined as companies incorporated in 2009 or later.](https://blog.privatecircle.co/wp-content/uploads/2024/05/DkqX8-1-1.png)
With support from MEMG Family Office, Prosus, and others. Pharmeasy sets the bar high for innovation and growth in the healthcare sector.
Startup Funding Top Investors (Deal Volume)
Venture Catalysts steals the spotlight as the top investor in April 2024, spearheading early-stage investments. Followed by Inflection Point Ventures, Blume Ventures, Ciie Initiatives, and others.
![April 2024: Top Investors (Deal Volume)
Early stage investor Venture Catalysts recorded the highest deal volume in April 2024.
Note: This does not include debt and secondary rounds. Only funding raised by companies headquartered in India has been considered. Startups, for the purpose of this study, are defined as companies incorporated in 2009 or later.](https://blog.privatecircle.co/wp-content/uploads/2024/05/jK9Qc-1-1.png)
Startup Funding Deal Volume (Investor Type)
VC/PE deals reign supreme, constituting 56% of the total deal volume in April 2024.
![April 2024: Investor Type (Deal Volume).
VC/PE deals made up more than half of the total deal volume in Apr 2024, followed by angel investors, strategic investors, family offices and others.
Note: This does not include debt and secondary rounds. Only funding raised by companies headquartered in India has been considered. Startups, for the purpose of this study, are defined as companies incorporated in 2009 or later. Single deal can have participation from more than one type of investors (angel investor, family offices, etc) resulting in deals being counted more than once in this categorisation.](https://blog.privatecircle.co/wp-content/uploads/2024/05/bwQv5-2.png)
Angel investors, strategic investors, and family offices follow suit, painting a diverse tapestry of funding sources.
Stay tuned for more insights and revelations from the ever-evolving world of India private markets!
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Monthly Funding Summary Report: January 2024