Indian startups raised $14.44 billion in funding this year. These 1337 deals include 810 early-stage deals and 326 growth-stage deals. Zepto led the list of growth-stage deals, the e-commerce platform raised $665 million followed by healthtech startup Pharmeasy with $216 million in capital. Other health tech platforms, Engrail raised $157 million.
Nephroplus is the largest provider network of dialysis services in India with 75 centers in 50 cities and 15 Indian states. Its centers are located in large metropolitan, underserved, and small cities. This healthcare platform raised 102 million USD in funding. Lenskart is an e-commerce platform that secured $200 million while the AI startup Atlan raised $105 million. The media and entertainment platform, Pocket FM secured $103 million followed by logistics firm Shadowfax with $100 million.
In 2024, Month-wise June saw the highest funding with $1.92 billion raised across 112 deals. However, May had the highest number of deals and raised $1.29 billion from 126 deals. January reported the lowest funding of $719.42 million from 106 deals. This year, total funding went up from 11.3 billion USD in 2023 to 14.44 billion USD in 2024. This marks the third highest funding year following $24 billion in 2022 and $38 billion in 2021.
Early-stage deals had 810 deals with funding of $3.23 billion during this year. The networking platform, SCOPE led the list with $90 million. Avail, a blockchain platform contributed 70 million USD from Founders Fund, Dragonfly Ventures, and other investors. Krutrim raised $50 million followed by Indkal with $36 million in funding for the electronics industry. The social media platform, Hunch also joined the top 10 early-stage funding in 2024 with $23 million.
If we look city-wise, the Bengaluru-based startup led the list with 5.06 billion USD raised from 485 deals followed by 332 deals raising 3.12 billion USD from Delhi-NCR, 231 deals from Mumbai had 3.76 billion USD, 56 deals from Hyderabad brought $421.5 million, and 47 deals from Pune made $645.63 million. Bengaluru contributed the most and accounted for 35.08 percent of the total funding.
Most of these startups were from e-commerce and fintech followed by health tech, SaaS, and AI startups like Neysa. The E-commerce sector saw 222 deals and raised $3.51 billion, accounting for 24.34 percent of the total funding this year. Fintech sector followed closely with $3.23 billion secured from 211 deals. This sector accounted for 22.37 percent of overall funding in 2024.
Conclusion:
This year, Indian startups raised over $14.44 billion in funding, with 326 growth-stage deals and 810 early-stage deals. Among the growth-stage deals, Zepto, an e-commerce startup, secured the highest funding of $665 million. Other notable investments include NephroPlus, Pharmeasy, Lenskart, and Atlan.
Early-stage funding had 810 deals that raised $3.23 billion this year. SCOPE topped this list with $90 million. Avail raised $70 million and Indkal followed by adding $36 million to the generative AI sector. Bengaluru led the charge and reported 485 secured deals, followed by other major cities. The E-commerce sector had the highest funding with 222 deals in 2024.
Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.
Reach us: niraj@scoopearth.com
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Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.
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