Overview
India's startup ecosystem saw a slowdown in Q3 CY24, with funding dropping to $10 billion and deal volume decreasing to 229, down from $11.8 billion and 318 deals in Q2 CY24. Despite the downturn, BFSI remained the top funded sector.
Startups in India raised USD 10 billion across 229 deals in Q3 CY24, signaling a decline in total funding (approximately 15 per cent) on a QoQ basis. The deal volume 29th NOVEMBER, 2024 SOFITEL, MUMBAI also decreased from 318 to 229 deals (about 30 per cent) compared to Q2 CY24, revealed a latest report by 1Lattice.