Nov 2, 09:10 PM

Indian Startups Raise $12.2 Billion in 2024, Surpassing 2023 Total with $1.1 Billion in October Across 119 Deals

Indian startups have raised a total of $12.2 billion in funding during the first ten months of 2024, surpassing the entire funding amount of $11 billion for the whole of 2023. In October alone, the sector attracted $1.106 billion across 103 deals, marking the sixth consecutive month of billion-dollar funding. However, this figure represents an 11% decline year-over-year. Notably, major contributions to this funding surge came from significant investments in companies like OpenAI, reflecting a strong interest from investors in the Indian startup ecosystem.

#OpenAI #Indian

Written with ChatGPT (GPT-4o mini).

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YourStory@YourStoryCo
2 years ago
1/ VC funding for Indian startups in Oct 2024 hit $1.106B across 103 deals, maintaining the billion-dollar streak for 6 months but down 11% YoY. By @thimmayap | #Startups #VentureCapital #Fintech #Funding #VCinIndia Follow the thread 🧵
All India Radio News@airnewsalerts
2 years ago
Indian startup ecosystem reached 12.2 billion dollars in funding in the first 10 months of this year.
Crunchbase News@crunchbasenews
2 years ago
October's big raises were led by @OpenAI and it really wasn’t even close. But there were lots of other big raises as investors were very willing to open their checkbooks for megadeals. https://t.co/I1VgMe8kTu

Indian Startups Raise $12.2 Billion in 2024, Surpassing 2023 Total with $1.1 Billion in October Across 119 Deals

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