Indian Tech Startup Funding Report H1 2024
Reports/Funding Report

Indian Tech Startup Funding Report H1 2024

In the first half of 2024 Indian startup ecosystem attracted a capital inflow worth $5.3 Bn across 504 funding deals. While funding amount was down 2% from the previous year (H1 2023), the deal count was up 7%. Meanwhile, the median ticket size declined by 8% YoY to $2.8 Mn in the first six months of 2024 but zoomed 87% from $1.5 Mn in the second half of 2023.

Unlike the VC capital-fuelled era of 2020 and 2021, investors today remain sharply focussed on supporting profitable and sustainable ventures. It is this mantra that has become the buzzword for Indian startups and the H1 2024 numbers could also be seen as a testament to the same.

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Indian Tech Startup Funding Report H1 2024

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the economist
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forbes
business insider
cb insights
startupindia
the huffington post
the economic times
live mint
the times of india

Key Highlights

$5.3 Bn+

Total Funding Raised

$2.8 Mn

Median Ticket Size

3

New Unicorns Minted

Pune

Most Promising Emerging Startup Hub

93%

Of Investors Foresee 2024 As A Year Of Recovery

Swiggy

The Indian Startup IPO Investors Are Most Bullish On

TOC SUMMARY

Table Of Contents

  • India’s Digital Economy
  • India’s Startup Economy
  • Indian Startup Funding Overview [H1 2024]
  • Top 10 Indian AI Startup Funding Rounds In [H1 2024]
  • Global Startup Funding Comparison H1 2024: India vs USA
  • Debt vs Equity: Share Of Debt Funding In Total Investments [H1 2024]
  • Top Five Sectors [H1 2024]
  • Top Five Hubs [H1 2024]
  • Milestone Alert: Indian Startup Funding Crosses $150 Bn Mark
  • Most Active Indian Startup Investors [H1 2024]
  • Indian Startup Investor Sentiment Survey [H1 2024]

Summary

Towards the end of 2023, most stakeholders in the world's third-largest startup ecosystem agreed that funding activity will begin to return to normal in the second half of 2024. Interestingly, the Indian startup ecosystem is making sluggish but consistent progress in that direction. Despite the mixed performance of Indian startups in wooing investors during the first six months of 2024, the almost flat funding numbers could be pointing at VCs’ wait-and-watch strategy before they start to deploy dry powder in droves.

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