Akshata Sharma
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Cumulative funding raised by Indian startups crossed the $150 Bn mark in the first half (H1) of 2024! Let's take a look at the 50 most active investors in the year so far
The year 2024 has shown signs of some improvement in the funding landscape:
* Indian startups cumulatively raised investments worth $5.3 Bn in H1 2024, down a mere 1.8% from H1 2023's $5.4 Bn. In contrast, funding numbers surged 7% YOY.
* The deal count improved 7% to 504 deals compared to 470 in the year-ago period. Sequentially, the deal volume improved 15%.
* Meanwhile, the median ticket size declined by 8% YoY to $2.8 Mn in the first six months of 2024 but zoomed 87% from $1.5 Mn in the second half of 2023.
* With Zepto raising $665 Mn towards the end of H1, there are signs that investors are loosening their purse strings.
* Leading the charge from the front were fintech and enterprise tech sectors - on the back of Perfios' $80 Mn unicorn round, the fintech sector accounted for a cumulative funding of $1.02 Bn across 84 deals.
* Hot on the heels were enterprise tech startups, which raked in $813 Mn across the same number of deals
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