FINANCEOUTLOOKINDIAMARCH, 20248Venture capital in India is expected to invest $10 billion in 2024, according to Blume Ventures' Karthik Reddy. That compares with a muted $7.5 billion invested so far in 2023. "If you strip oaut the crazy numbers of 2021 and 2022, the numbers are not way off, compared to 2019 and 2020," said Reddy, co-founder at Blume Ventures and chairperson of the Indian Venture and Alternate Capital Association. "Essentially, what created the spike has gone away. But the consistency in terms of growth has been there. It has been flat, but 2023 was meant to be that kind of year.""For 2024, we're more optimistic; it's the case of the proverbial wheat separating from the chaff," 2024 SET TO BE A $10-BILLION YEAR FOR VENTURE CAPITAL, SAYS BLUME'S KARTHIK REDDY
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