Startups funding in India declined by 40% in 2024 from January to March compared to the previous year, totaling $2 billion. Two new unicorns emerged in 2024. Investors are optimistic about the startup ecosystem s potential for rapid recovery and growth.
Investors prioritize ESG performance over financial viability in startups, promoting responsible business activities. Startups are advised to incorporate environmental and social aspects early to attract better investments.
Bengaluru led in terms of funding, with startups in the city raising $3.4 billion in 2023. Karnataka s tech startup funding fell 72% to $3.4 billion in 2023, despite being the top state in India for overall funding.
India has experienced a surge in startups and funding, with over 16,000 new tech companies added in 2020. Despite funding obstacles, investment firms have shown confidence in Indian startups, with a total funding of $8.4 billion in 2023.
2023 saw a decline in global venture funding for Indian startups, but high-profile executives still entered the startup world in sectors like fintech and healthcare. Top executives like Sachin Kataria, Dale Vaz, and others left their lucrative jobs to launch their startups in 2023.