India 2nd Globally in Direct-to-Consumer Sector Funding in 2024, Ranks Behind US and Ahead of China With USD 757 Million Total Funding: Report
India ranked second globally in direct-to-consumer (D2C) sector funding in 2024, securing a total of USD 757 million and placing behind the US but ahead of China, according to a report.
Bengaluru, April 16: India secured the second spot globally in terms of funding raised by the direct-to-consumer (D2C) sector in 2024, a new report said on Wednesday. The country ranks just behind the United States and ahead of China, the UK, and Italy, according to a Tracxn슬롯사이트™s report. The report shows that the total funding in India슬롯사이트™s D2C space stood at $757 million in the previous year.
India is home to more than 11,000 D2C companies, out of which around 800 have managed to secure funding so far. The early-stage and seed-stage funding saw growth. Early-stage investments rose by 25 per cent to $355 million in 2024 compared to 2023, while seed-stage funding climbed 18 per cent to $141 million. 슬롯사이트œIndia슬롯사이트™s D2C sector is evolving with investors prioritising profitability and sustainable growth.슬롯 머신 사이트 추천US-China Trade War Intensifies: Donald Trump슬롯사이트™s Government Imposes 245% Tariffs on China After Its Move To Stop Export of Heavy Rare Earth Metals and Magnets.
The rise in early-stage investments signals continued confidence in the long-term potential of India슬롯사이트™s D2C sector,슬롯사이트� said Neha Singh, Co-Founder of Tracxn. Among the most funded segments in 2024 were D2C organic beauty brands, online jewellery brands, and D2C beauty brands. Organic beauty brands saw a major rise in funding, receiving $105 million -- a 79 per cent increase from 2023.
The biggest funding round in 2024 was by BlueStone, which raised $71 million in Series D funding at a valuation of $964 million, the report said. Bengaluru led the way in funding, attracting $253 million, followed by Gurugram with $164 million and Mumbai with $99.8 million. Together, Bengaluru and Gurugram accounted for more than half of all funds raised in the sector, as per the report.슬롯 머신 사이트 추천NVIDIA H20 Chip US Export Ban: New Restrictions by Trump Government To Have Limited Impact on South Korea슬롯사이트™s SK Hynix and Samsung, Says Report.
To support the D2C ecosystem, the Indian government has introduced several initiatives like Digital India, Startup India, and the Open Network for Digital Commerce (ONDC). Other efforts such as the Export Promotion Mission, Government e-Marketplace (GeM), and the Green Credit Programme are helping D2C brands grow globally and adopt sustainable practices. --IANS pk/na
(The above story first appeared on LatestLY on Apr 16, 2025 02:54 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).