Karnataka tech startups see funding slowdown, but Bengaluru remains India’s innovation hub: Report

Karnataka’s startup ecosystem may have seen a dip in funding in 2024, but Bengaluru continues to cement its position as the nerve centre of India’s tech innovation. According to data from Tracxn, tech startups in the state raised $3.7 billion in 2024 — a 24% decline from the $4.9 billion secured in 2023, and significantly lower than the $11.7 billion recorded in 2022.