The Indian startup ecosystem made a strong comeback in 2024 after weathering a harsh funding winter in the previous two years. The market is still in a rational mode. But investors, long been sitting on dry powder, finally loosened their purse strings and injected $11.75 Bn across 994 deals. This marks a 19.04% jump in total funding (between January and December 21) compared to $9.87 Bn raised from 908 deals in 2023.“Previously, only sector-focussed funds were active in deeptech and cleantech. But 2024 saw a surge in interest from generalist VCs who have completed their due diligence. So, we will come across more deals and higher ticket sizes in these sectors,” said Raguraman.“
