Indian Tech Startup Funding Report Q1 2024

In the first quarter of 2024, the Indian startup ecosystem witnessed the entry of two startups into the unicorn club and attracted over $2 Bn in funding. However, this amount marked a 33% decrease compared to the $3 Bn raised in Q1 2023. Nevertheless, the growing interest from investors and consumers in AI-powered solutions hints at a potential AI bull run in the upcoming quarters of 2024. Our recent survey of Indian VCs revealed that 86% of them believe AI/GenAI is not merely hype but a lasting trend. This underscores AI as the beacon of hope for a revival in startup funding throughout 2024.

In the first quarter of 2024, the Indian startup ecosystem witnessed the entry of two startups into the unicorn club and attracted over $2 Bn in funding. However, this amount marked a 33% decrease com...View more

• $2 Bn+

  Total Funding Raised By Indian Startups

• 33%

  Year-on-Year Decline In Total Funding

• $3.7 Mn

  Median Ticket Size Of Funding

• 66%

  Of Startup Investors Believe In India’s AI Potential

• 461+

  Investors Participated In Funding Deals

• 2

  New Unicorns Added