At the revamped ET Soonicorns Summit 2024 in Bengaluru, top venture capitalists discussed the resurgence of India’s startup ecosystem. With the funding winter in the past, panellists noted a renewed investor confidence, early-stage funding revival, and $100 million deals returning, as part of a panel titled ‘Surge in Investor Interest: Vision and Outlook of the Indian VC Ecosystem Beyond Hype and Uncertainty’. Amit Somani, Managing Partner at Prime Ventures, highlighted the growing talent pool, while Prayank Swaroop, Partner at Accel, stressed India’s rising consumption power and potential to build large, profitable businesses. Ritesh Banglani, Partner at Stellaris Venture Partners, described the current ecosystem as a “happy median place” poised for sustainable growth. Kanika Mayar of Vertex Ventures and Anand Datta from Nexus Venture Partners also indicated global investors’ increasing comfort with Indian startups and India’s unique position as a fast-growing, digital-first economy. This panel was moderated by Manu P Toms, Senior Editor, Economic Times.
For more cutting-edge insights, watch the full discussion.
For more information on the #ETSoonicornsSummit2024, visit the website.
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