Tech startup funding at $4.1 bn in H1 2024, 4% higher than H2 2023: Tracxn

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Tech startup funding at $4.1 bn in H1 2024, 4% higher than H2 2023: Tracxn - Business Standard

Quick Summary:

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.

Though there was a 13 per cent decrease compared to USD 4.8 billion raised in H1 2023, India still remains the fourth-highest funded country globally in the tech startup landscape," the Tracxn report said.

"Indian tech startups raised USD 4.1 billion in H1 2024, a 4 per cent increase from USD 3.96 billion in H2 2023.