New Delhi [India], India's funding cycle appears to be tapering off as the country sees an improvement in venture capital funding deals in terms of both volume and value in 2024. Venture capital is typically a type of private equity financing that provides money and support. Early-stage businesses that have the potential for rapid growth A total of 37 venture capital financing deals were announced in the first four months of 2024, a report by data and analytics company GlobalData said. The disclosed value of these deals was USD. 3.1 billion, the report claimed, adding that this was a year-on-year growth of 1.1 per cent and 13.8 per cent in terms of deal volume and value, respectively, according to GlobalData. India's share in the total number of venture capital fund deals announced globally during January-April 2024 was 6.9 per cent, while its share in value terms was 4.1 per cent. According to the analytics company's report, some of the notable funding deals in India during January-April 2024 are USD 300 million funding raised by Meesho, USD 216 million capital raised by PharmEasy, USD 10 million raised by Pocket FM US dollar capital. The funding includes US$100 million secured by Shadowfax Aurojyoti Bose, principal analyst at GlobalData. , said: "While many of its peer countries were seeing a decline in the volume or value of VC deals, and some countries were even experiencing a decline in both, India has been improving in terms of volume as well as value." Was." Bose said that apart from being a major country in the Asia Pacific region, India comes after China among the top five markets globally. The data and information mentioned was derived from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team.