India’s tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024

India’s tech landscape raised $11.3 billion from investors in 2024, marking a modest 6 per cent increase from $10.7 billion raised in the previous year, signalling a recovery in funding trends after a two-year slump.

However, compared to the funding highs of previous years, the value of deal activity declined significantly—down 55.5 per cent and 69.6 per cent compared to 2022 and 2021, respectively. The country’s startup ecosystem had raised $37.2 billion in 2021 and $25.4 billion in 2022, according to data from market intelligence platform Tracxn.