India Tech Startups Funding Grows 6 Pc To $11.3 Bn In 2024, 3rd Globally

Bengaluru: India’s tech startup ecosystem garnered $11.3 billion in funding in 2024, a 6 per cent increase from $10.7 billion in 2023, according to a report on Thursday.

In the second half (H2) of 2024, the tech startups received $5.32 billion across 540 funding rounds, a growth of 8 per cent from H2 2023 where $4.92 billion was raised across 890 rounds, according to Tracxn data.

India ranked third in funding, behind only the US and the UK, and ahead of China and Germany.

“The report highlights a year of resilience and recalibration for the Indian startup ecosystem reflected in the modest increase in funding compared to 2023,” said Neha Singh, Co-Founder of Tracxn.