India: Megadeals further recover as investors write bigger cheques

Risk capital investors appear to be increasingly parking large sums of money in Indian startups if the rise in big-ticket transactions this year is an indicator. Megadeals, or transactions worth at least $100 million, collectively raised $4.76 billion in the Jan-Sept 2024 period, recording a 15% jump from $4.12 billion in the comparable period last year.