New Delhi, April 23 -- Indian startups raised USD 2 billion in funding in the January-March 2024 quarter, according to data from market research firm Tracxn.
While this marks a 40 per cent decline from the USD 3.3 billion raised in Q1 2023, it represents a steady funding environment compared to the previous two quarters.
Funding levels hovered around USD 2 billion in Q4 2023 and Q3 2023 as well, indicating the startup ecosystem has stabilised after a prolonged downturn over the past 12-18 months.
Investors believe the funding winter may finally be thawing, with deal activity expected to pick up pace in the second half of 2024.
Things had started moving a bit from the end of last year itself. In the seed and early stages, we have se...