Indian Tech Startup Funding Report Q3 2024 (Inc42)

Summary

• Indian startups secured $3.4 Bn+ in Q3 2024, versus $1.7 Bn+ in Q3 2023.p.6
• Funding amount and deal count in 2024 (Q1-Q3) grew by 20% and 11% respectively compared to the previous year.p.5
• Ten mega deals ($100 Mn and above) were recorded in Q3 2024, compared with 3 in Q3 2023.p.6
• Median ticket size recovered to $2.9 Mn in Q3 2024 from $1.2 Mn in Q3 2023.p.6
• 3 unicorns were minted in Q3 2024.p.6
• There were 18+ M&As in Q3 2024, versus 27+ in Q3 2023.p.6

Key insights

1. Q3 2024 mega deals included Zepto ($340 Mn), Physics Wallah ($210 Mn) and Rapido ($200 Mn).p.8
2. Q2 2024 funding was $3.1 Bn+ and Q1 2024 funding was $2.2 Bn+.p.7
3. Q3 2024 deal count was 262+ versus 278+ in Q2 2024.p.7
4. Late-stage startup investment totals $107 Bn+, growth stage $38 Bn+ and seed stage $7 Bn+.p.4
5. The growing median ticket indicates a revival of investor confidence following the slump in Q3 2023.p.9