Akshata Sharma
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The Indian GenAl industry is set to soar - projected to surpass $17 Bn by 2030, exhibiting an impressive CAGR of 48%. Let's take a look at some of the biggest Al startup funding rounds of the year so far
The year 2024 has also shown signs of some improvement in the overall 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%.
* 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.
* Bengaluru continued its reign as the most-funded startup hub in India in the first half of 2024, bagging $ 1.57 Bn across 134 deals.
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