Start-up funding sees six per cent surge in funding at 11.3 billion dollars in 2024

BENGALURU: In 2024, the start-up ecosystem saw a marginal 6% increase in funding at $11.3 billion compared to $10.7 billion in 2023. However, this is a 56% decline compared to 2022 as start-ups raised a record $25.4 billion in funding in that year, said SaaS-based market intelligence platform Tracxn in its India Tech Annual Report 2024 on Thursday.

According to the report, in the second half of 2024, start-ups received $5.32 billion across 540 funding rounds, a growth of 8% from H2 2023 where $4.92 billion was raised across 890 rounds.