The year 2024 proved to be a defining moment for India’s startup ecosystem. Despite global economic challenges such as rising inflation, increased interest rates, and geopolitical tensions, Indian startups demonstrated remarkable resilience and adaptability.

Domestic Startups Collection 

Over the course of the year, domestic startups secured more than $12 billion in cumulative funding, marking a 20% increase compared to 2023. This growth underscores the confidence of investors in India’s entrepreneurial spirit and innovative potential. By December 28, 2024, a total of 993 deals had been recorded, an 11% rise from the previous year. This surge in deal-making activity signals the steady recovery and growing momentum within the sector.

Furthermore, 2024 witnessed the emergence of six new unicorns, highlighting the ability of Indian startups to achieve significant valuations despite a challenging economic environment. This stands in stark contrast to 2023, a year marked by stagnation in unicorn creation.

Key Sectors Of Growth 

Key sectors driving this growth included fintech, healthtech, and edtech, which continued to attract substantial investment. Additionally, government initiatives promoting innovation and digitization played a pivotal role in fostering an environment conducive to startup success.

As India’s startup ecosystem moves forward, 2024 will be remembered as a year of resilience and recovery. With an ever-expanding pool of talent, robust investor confidence, and supportive policies, the future looks bright for Indian entrepreneurship.

19% Increase In Funding 

Last year, there was a 19% increase in funding. In 2023, $9.87 billion was raised through 908 deals. Apart from this, 12 startups entered the public markets in the year 2024.

The year 2024 proved to be a defining moment for India's startup ecosystem. Despite global economic challenges such as rising inflation, rising interest rates and geopolitical tensions, Indian startups displayed remarkable resilience and adaptability. Domestic startups raised over $12 billion in cumulative funding during the year and this is a great thing for startups and for Indian startup ecosystem also in 2024 for market.