India’s venture capital funding surged 43 pc to $13.7 billion in 2024. Deal activity surged, with 1,270 transactions recorded, marking a 45 per cent rise in deal volumes. Consumer technology emerged as the dominant sector, attracting $5.4 billion in funding, more than double compared to 2023. Policy reforms such as eliminating the angel tax, reducing Long-Term Capital Gains (LTCG) tax rates, removing the National Company Law Tribunal (NCLT) process, and simplifying Foreign Venture Capital Investor (FVCI) registrations signalled positive momentum for the Indian start-up ecosystem and funding, according to the report. The report concludes India’s venture capital market is entering a phase of disciplined growth, where investors are prioritising sustainability, operational excellence, and broader financial sustainability, and clear exit pathways. The market is expected to continue maturing with an increasing concentration of capital toward businesses with strong governance, scalable operations, and sustainable growth models.