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    BusinessIndian Startup Funding Growth Stalls But Outlook Remains Steady

    Indian Startup Funding Growth Stalls But Outlook Remains Steady


    It has been closely observed by many in 's dynamic startup landscape that funding activity would experience steadier momentum in the latter half of 2024 after facing volatile conditions the previous year. An in-depth analysis of funding trends in the first six months of the current calendar year indicates that observation may be unfolding.

    According to a recent report, total funding secured by Indian startups in the first two quarters of 2024 stood at $5.3 billion, registering a modest decline of just 1.8% from the same period in 2023. While a marginal dip, this is still a significant improvement over the 10% annual drop witnessed in the first half of 2023. Moreover, funding amounts climbed over 20% sequentially from the second half of 2023, the first sequential increase after two years of declines. Deal volumes also grew 7% annually to 504 deals in H1 2024.

    A sector-wise review shows fintech and enterprise outfits leading the way, attracting over $1 billion each. Consumer services saw strong growth backed by a major round for a prominent quick commerce provider. Seed and growth-stage startups enjoyed increased backing, rising 23% and 21% respectively, while late-stage funding weakened.

    From a regional perspective, Bengaluru retained its position as India's top startup ecosystem by funding totals. Mumbai moved up to the number two spot driven by large investments. While funding enlargement slowed, positive shifts in key metrics highlight stable foundations for the nation's startup sector to build further momentum in the remaining months of 2024. With more established companies seeking support and investors diversifying their portfolios, the future remains encouraging.

    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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