Indian startup funding dips 7% to $7.6 billion in first nine months of 2024

Funding among Indian startups declined by a marginal 7 per cent in the first nine months of 2024 to $7.6 billion from $8.2 billion during the same period last year.

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn’s India Tech 9M 2024 report.

To put the funding in perspective, startups in India received around one-tenth of the funding secured by US-based startups ($86.2 billion). However, this figure was comparable to China’s $8.2 billion during the same period.