Tech startup funding at $4.1 bn in H1 2024, 4% higher than H2 2023: Tracxn

Indian tech startups raised a total USD 4.1 billion in H1 2024, four per cent higher than H2 2023, although the numbers still trailed the levels seen a year ago, according to a report by market intelligence platform Tracxn.

At USD 4.1 billion, India still remains the fourth-highest funded country globally in the tech startup landscape, it said.

The United States led in overall funding volumes, followed by the UK and China.

"Indian tech startups raised USD 4.1 billion in H1 2024, a 4 per cent increase from USD 3.96 billion in H2 2023. Though there was a 13 per cent decrease compared to USD 4.8 billion raised in H1 2023, India still remains the fourth-highest funded country globally in the tech startup landscape," the Tracxn report said.

Tracxn, India Tech Semi-Annual Funding Report H1 2024 offered insights on funding trends, sector performances, and notable developments in the Indian technology sector for the said period.

Citing key trends, it said seed-stage funding increased to U