Pratik Bhakta
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India's early-stage startups have seen a 46% increase in funding value this financial year, despite a decrease in the number of deals. The growth is driven by investments in wealth tech and AI within financial services, with startups building products and seeking market validation attracting increased investor interest.
India's early-stage startups are attracting more investment value. Funding for seed to Series B stages has risen significantly, driven by wealth tech and AI investments. The government's easing of China FDI norms is expected to speed up dealmaking for global venture funds. Startups are seeking government approval for Aadhaar authentication to streamline gig worker verification. Several Indian startups have improved their financial performance in FY24, with a combined revenue of over Rs 500 crore. The startup funding freeze showed signs of thaw in 2024, with slightly more funding raised than in 2023. The IPO market surged, with some companies going public at lower valuations.
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