Indian Startup Funding Continues To Inch Up In 2024, Rises 15% MoM In April
India, May 4 -- Continuing to show signs of revival in 2024 after a harsh funding winter, Indian startup funding grew in the month of April. Between April 1 and April 26, Indian startups raised $868 Mn, up 15% from $754 Mn in March.This is despite the funding hitting a five-year low of $512 Mn in January this year.
Meanwhile, the deal count also grew to 90 in April 2024 from 63 in the preceding month.
However, on a YoY basis, startup funding declined 2% in April 2024 from $888 Mn in the year-ago month, while it was 66% lower than the $1.52Bn raised by Indian startups in April 2022.
It is pertinent to mention that the trend of YoY decline in funding was more pronounced in the first quarter of 2024. The funding raised by Indian startups ...
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