Indian tech startup funding logs slight uptick at $4.1 billion in H1

After four consecutive six-month periods of decline, Indian tech startups saw an increase in amount of funding for the January-June (till June 13) period, according to a report by data intelligence platform Tracxn. In the first half of 2024, Indian startups raised $4.1 billion, marking a marginal increase of 4% compared to July-December 2023.

Startup funding in India has been on a decline since 2021 when the so-called funding winter set in after central banks across the world started increasing interest rates. The non-availability of cheap money from the Covid-led low interest rate regime caused risk-capital investors to hit the brakes on venture funding.