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Indian start-ups raised $1.2-b venture debt in 2023: Report

Thehindubusinessline · 1y

India's venture debt market reached the $1 billion mark in 2023, indicating a 50% increase from the previous year. The total investment, made through approximately 175-190 deals, reflects a compound annual growth rate of 34% from 2017 to 2023. Consumer and fintech sectors are the top sectors for venture debt investments, with fintech leading with over 55% of the total funding. Founders and venture debt firms expect clean tech, consumer, and fintech sectors to raise more venture debt in 2024. The Indian venture debt market shows promising growth and strategic adoption, with expectations of reaching $1.8-2 billion by 2026.