India is fourth-highest funded country globally. While 3 unicorns have emerged, there were 17 IPOs during this period.
Indian tech startups raised a total USD 4.1 billion in H1 2024, four per cent higher than H2 2023, although the numbers still trailed the levels seen a year ago, according to a report by market intelligence platform Tracxn.
At USD 4.1 billion, India still remains the fourth-highest funded country globally in the tech startup landscape, it said.
The United States led in overall funding volumes, followed by the UK and China. Neha Singh, Co-Founder of Tracxn, said despite four consecutive half-year periods of declining funding since H1 2022, signs of stabilisation are indeed becoming visible, and on the rise.
“India’s robust performance as the fourth-highest funded country in the tech startup ecosystem is encouraging. From emerging developments in retail and enterprise applications to pioneering advancements in fintech, Indian startups are transforming industries and driving economic growth,” she said.