$2 Bn+

$3.7 Mn 

Of Startup Investors Believe In India’s AI Potential

461+

Key Highlights

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.

Indian Tech Startup Funding Report Q1 2024