Start-up funding falls 7% to $7.6 billion in January-September

NEW DELHI: Indian start-ups have secured only $7.6 billion in funding in the last nine months, marking a 7% decline from $8.2 billion in 2023 and a 66% fall from $22.4 billion funding in 2022.

As per Tracxn’s India Tech 9M 2024 report (Jan 1- Sept 13, 2024), the majority of funding came from late-stage rounds ­­— about $4.7 billion, compared to $4.9 billion in 2023 and $14.3 billion in 2022. The country saw peak funding of $29.9 billion in 2021, but since then funding has declined due to ongoing geopolitical headwinds and the global funding winter.