Indian startups raise over $308 million this week across 24 deals
The funding season in the Indian startup ecosystem continued its growth this week as startups cumulatively raised more than $308 million across 24 deals.
The funding season in the Indian startup ecosystem continued its growth this week as startups cumulatively raised more than $308 million across 24 deals.
Prime Minister Narendra Modi on Thursday underscored the role of Indian startups in solving global challenges while at the same time creating employment opportunities and boosting our quest towards self-reliance.
The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of female-led startups increased by over 90 per cent in 2024.
A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.
In 2024, the Department for Promotion of Industry and Internal Trade (DPIIT), achieved a range of milestones. These range from Production Linked Incentive (PLI) schemes to boosting startup ecosystems, streamlining logistics, and enhancing FDI inflows.
From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, according to Union Minister Jitendra Singh.
The Indian startup ecosystem saw its cumulative funding reach $250 million across 18 deals this week, a significant 72 per cent increase.
The Indian startup ecosystem bounced back this week in terms of raising funds, clocking more than 226 per cent surge with securing around $596 million in total.
The Indian startup ecosystem continued its growth momentum this week with securing nearly $461 million which included 10 growth-stage deals.
India’s tech startup ecosystem secured $7.6 billion funding in the nine months this year, along with witnessing six new unicorns, a massive 500 per cent increase compared to just one unicorn in 2023, a report showed on Tuesday.
