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Indian startups raised 32% fewer rounds in 2024 as VCs got selective

Indian startups raised 32% fewer funding rounds in 2024 compared to last year, per new numbers from data intelligence platform Tracxn, signaling that Indian startup funding rounds dropped by nearly a third in 2024.

Indian startups raised 32% fewer funding rounds in 2024 compared to last year, per new numbers from data intelligence platform Tracxn, signaling that investors are being more selective when striking deals. Late-stage funding underscored the market’s favor of larger deals, with startups raising 136 Series C and later rounds for a total of $7.13 billion this year — a 12% increase in capital despite lower volume. Manish Singh is a senior reporter at TechCrunch, covering India’s startup scene and venture capital investments.

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