Which Indian Startup Bagged The Most Funding ?

Cumulative funding raised by Indian startups crossed the $150 Bn mark in the first half (H1) of 2024! Let’s take a look at some of the biggest startup funding rounds of the year so far👇

The year 2024 has shown signs of some improvement in the funding landscape:

🔸 Indian startups cumulatively raised investments worth $5.3 Bn in H1 2024, down a mere 1.8% from H1 2023’s $5.4 Bn. In contrast, funding numbers surged 7% YoY.

🔸 With Zepto raising $665 Mn towards the end of H1, there are signs that investors are loosening their purse strings.

🔸 Leading the charge from the front were fintech and enterprise tech sectors – on the back of Perfios’ $80 Mn unicorn round, the fintech sector accounted for a cumulative funding of $1.02 Bn across 84 deals.

🔸 Hot on the heels were enterprise tech startups, which raked in $813 Mn across the same number of deals.

🔸 Bengaluru continued its reign as the most-funded startup hub in India in the first half of 2024, bagging $1.57 Bn across 134 deals.

P.S. For more insights on India's startup funding scenario, check out Inc42's latest “Indian Tech Startup Funding Report H1 2024”. Out now!

Credit - Inc42 Media