India tech funding sees an uptick in 2024, ranks 3rd globally with $11.3B

Tracxn unveiled its India Tech Annual Report 2024. This proprietary report provides comprehensive insights into the Indian Tech ecosystem, covering funding raised by startups, major industry players, and the key trends shaping the landscape.

In 2024, India’s tech startup ecosystem garnered $11.3 billion in funding, reflecting a marginal 6% increase from $10.7 billion in 2023 but a significant 56% decline compared to 2022. In H2 2024, India Tech received $5.32 billion across 540 funding rounds, a growth of 8% from H2 2023 where $4.92 billion was raised across 890 rounds, but 22% lower than the $6.81 billion raised from 1,210 rounds in H2 2022. The data indicates a shift towards fewer, larger funding rounds, signaling changing investor priorities.

The funding raised in Q4 2024 YTD has been $1.8 billion across 219 rounds, which is the lowest in the last three years. This ...