Tracxn

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report

According to the report, the Indian edtech sector reported the highest-funded quarter in Q3 2021 with an overall funding of $2.48 billion

The round also saw participation from prominent angel investors including Varun Alagh, co-founder of Mamaearth, and Abhishek Goyal, co-founder of Tracxn

But India's fintech funding market continued to remain amongst the top three globally

Indian tech startups raised a total USD 4.1 billion in H1 2024, four per cent higher than H2 2023, although the numbers still trailed the levels seen a year ago, according to a report by market intelligence platform Tracxn. At USD 4.1 billion, India still remains the fourth-highest funded country globally in the tech startup landscape, it said. The United States led in overall funding volumes, followed by the UK and China. "Indian tech startups raised USD 4.1 billion in H1 2024, a 4 per cent increase from USD 3.96 billion in H2 2023. Though there was a 13 per cent decrease compared to USD 4.8 billion raised in H1 2023, India still remains the fourth-highest funded country globally in the tech startup landscape," the Tracxn report said. Tracxn, India Tech Semi-Annual Funding Report H1 2024 offered insights on funding trends, sector performances, and notable developments in the Indian technology sector for the said period. Citing key trends, it said seed-stage funding increased to U

There were two initial public offerings in Q1CY24 and none the same time last year. Five fintech firms raised $446 million in Q1, according to Tracxn.

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

Of the over 8,000 women-led startups, 2,316 have received funding while about 6,000 are unfunded. Women tech entrepreneurs have cornered 14.8% share of the overall tech funding pie at $23 billion

To merge Fintech for capital infusion in the bank, lower promoter stake

Experts said that the demand-supply mismatch between teachers and course availability in offline education is expected to fuel the growth in the sector in the coming years

Private entities are now actively involved in crucial aspects of research, manufacturing, and fabrication of rockets and satellites, fostering a vibrant ecosystem of innovation

The India tech startup ecosystem witnessed its highest funding of $43.5 bn in 2021 and after this, the funding started to witness a downfall and there is no sign of improvement in the funding to date,

No new unicorns were created during the first six months of the year, against 19 unicorns in H1 2022 and six in H2 2022

In all cities, Bangalore emerged as the leader in total funds raised during this period, followed by Delhi-NCR and Mumbai

Late-stage deals accounted for 55% of total investments at $1.2 billion, early-stage funding made up 39% of the share, with these startups raising $831 million

Growth in the space was expected to continue in the long run, propelled by a large unbanked population

India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn

The sector has fared well both on the fund raising front and on operational performance

Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022

Financing will help Elev8 identify investment opportunities in Indian technology companies