Indian startup funding drops 32%: report

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Indian startups experienced a decline in funding rounds in 2024 compared to the previous year, according to data from Tracxn.

The number of funding deals fell by 32%, with 1,448 transactions reported, down from 2,114 in 2023.

Early-stage investments saw a decrease, with series A and series B rounds dropping to 387 from 420 in the previous year.

Public market activity saw significant growth, with over 40 startups completing IPOs.

Swiggy’s US$1.35 billion IPO was the largest tech IPO globally in 2024.

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