TL;DR: Since April 2024, the Rupee's drop to ₹96/$ meant that simply holding foreign currency (USD, GBP, EUR) gave you returns of 15%–25%, while the Nifty 50 only moved ~5%. In this 2-year window.
The UK's share of European venture capital is at an all-time high: 48% so far in 2026, compared to long-run average of 35.5%.
The driver is a run of mega-rounds, with AI doing the heavy lifting:
🧬
u/IsomorphicLabs
— $2.1B Series B
☁️
u/nscale
— $2B Series C
🚙
u/wayve_ai
— $1.2B Series D
💡 Ineffable Intelligence — $1.1B Seed
♻️ Recursive Superintelligence — $650M Seed
🎤
u/ElevenLabs
— $500M Series D
London is once again Europe's standout VC market.
📊: Dealroom