According to Inc42’s ‘Indian Startup Funding Report 2024’, the funding raised by Bengaluru-based startups declined 19% YoY to $3.4 Bn
Industry insiders see late-stage funding deals making a strong comeback in Bengaluru in 2025 as more and more big startups flip back to India next year
While enterprise tech continues to dominate Bengaluru’s startup narrative, consumer tech startups and vertical AI has also emerged as a promising area of focus
After hitting a historic low in 2023, the Indian startup ecosystem showed promising signs of recovery in 2024. The total funding raised by Indian startups jumped 20% year-on-year (YoY) to $12 Bn in 2024, reaching levels similar to 2020. However, Bengaluru, the undisputed startup hub of the country, saw a decline in funding and the city lost its top position to Mumbai.
According to Inc42’s ‘Indian Startup Funding Report 2024’, the funding raised by Bengaluru-based startups declined 19% year-on-year (YoY) to $3.4 Bn. This drop brought the city’s funding figures to the levels last seen in 2015. Meanwhile, Mumbai surpassed Bengaluru as the top city for startup funding, thanks to high-profile deals like Zepto’s mega funding round. Startups based in the country’s financial capital raised $3.7 Bn in 2024.
It is important to note that Zepto moved its base to Bengaluru from Mumbai this year. However, to maintain data consistency, its funding rounds have been attributed to Mumbai.
However, despite the decline in funding, Bengaluru was the leader in terms of funding deals in 2024. The city recorded 285 deals in 2024, an increase of 14% from 249 deals in 2023. The challengers, Delhi NCR and Mumbai, saw 252 and 175 deals materialise, respectively, in 2024.
According to startup ecosystem experts, the funding dip in Bengaluru should not be read as a sign of waning investor interest. They pointed out that the high deal count highlights a thriving ecosystem of early stage startups in the city.
Source: Startup News
#healthtechstartup #startupfunding #dseide
Industry insiders see late-stage funding deals making a strong comeback in Bengaluru in 2025 as more and more big startups flip back to India next year
While enterprise tech continues to dominate Bengaluru’s startup narrative, consumer tech startups and vertical AI has also emerged as a promising area of focus
After hitting a historic low in 2023, the Indian startup ecosystem showed promising signs of recovery in 2024. The total funding raised by Indian startups jumped 20% year-on-year (YoY) to $12 Bn in 2024, reaching levels similar to 2020. However, Bengaluru, the undisputed startup hub of the country, saw a decline in funding and the city lost its top position to Mumbai.
According to Inc42’s ‘Indian Startup Funding Report 2024’, the funding raised by Bengaluru-based startups declined 19% year-on-year (YoY) to $3.4 Bn. This drop brought the city’s funding figures to the levels last seen in 2015. Meanwhile, Mumbai surpassed Bengaluru as the top city for startup funding, thanks to high-profile deals like Zepto’s mega funding round. Startups based in the country’s financial capital raised $3.7 Bn in 2024.
It is important to note that Zepto moved its base to Bengaluru from Mumbai this year. However, to maintain data consistency, its funding rounds have been attributed to Mumbai.
However, despite the decline in funding, Bengaluru was the leader in terms of funding deals in 2024. The city recorded 285 deals in 2024, an increase of 14% from 249 deals in 2023. The challengers, Delhi NCR and Mumbai, saw 252 and 175 deals materialise, respectively, in 2024.
According to startup ecosystem experts, the funding dip in Bengaluru should not be read as a sign of waning investor interest. They pointed out that the high deal count highlights a thriving ecosystem of early stage startups in the city.
Source: Startup News
#healthtechstartup #startupfunding #dseide
According to Inc42’s ‘Indian Startup Funding Report 2024’, the funding raised by Bengaluru-based startups declined 19% YoY to $3.4 Bn
Industry insiders see late-stage funding deals making a strong comeback in Bengaluru in 2025 as more and more big startups flip back to India next year
While enterprise tech continues to dominate Bengaluru’s startup narrative, consumer tech startups and vertical AI has also emerged as a promising area of focus
After hitting a historic low in 2023, the Indian startup ecosystem showed promising signs of recovery in 2024. The total funding raised by Indian startups jumped 20% year-on-year (YoY) to $12 Bn in 2024, reaching levels similar to 2020. However, Bengaluru, the undisputed startup hub of the country, saw a decline in funding and the city lost its top position to Mumbai.
According to Inc42’s ‘Indian Startup Funding Report 2024’, the funding raised by Bengaluru-based startups declined 19% year-on-year (YoY) to $3.4 Bn. This drop brought the city’s funding figures to the levels last seen in 2015. Meanwhile, Mumbai surpassed Bengaluru as the top city for startup funding, thanks to high-profile deals like Zepto’s mega funding round. Startups based in the country’s financial capital raised $3.7 Bn in 2024.
It is important to note that Zepto moved its base to Bengaluru from Mumbai this year. However, to maintain data consistency, its funding rounds have been attributed to Mumbai.
However, despite the decline in funding, Bengaluru was the leader in terms of funding deals in 2024. The city recorded 285 deals in 2024, an increase of 14% from 249 deals in 2023. The challengers, Delhi NCR and Mumbai, saw 252 and 175 deals materialise, respectively, in 2024.
According to startup ecosystem experts, the funding dip in Bengaluru should not be read as a sign of waning investor interest. They pointed out that the high deal count highlights a thriving ecosystem of early stage startups in the city.
Source: Startup News
#healthtechstartup #startupfunding #dseide
