 "Startup funding picks up after 3-year slump")
After over three years of funding slump, the country’s startup ecosystem is showing signs of recovery.
Startup funding in 2024 has increased by 10 per cent year-on-year (Y-o-Y), touching $9.78 billion, compared to $8.88 billion during the same period last year, according to market research firm Tracxn.
Investors attribute the revival to the country's strong markets, which are inspiring confidence in initial public offering (IPO)-bound startups offering viable exit opportunities.
“The funding winter is coming to an end,” said Anirudh A Damani, managing partner, Artha Venture Fund – a micro-venture capital (VC) fund. “This resurgence is partly fuelled by high
