However, according to data compiled by TheKredible, the figures are still far less than $20 billion in the first half of 2022.
The $7 billion funding included 182 development or late-stage deals worth $5.4 billion and 404 early-stage deals worth $1.54 billion. According to Entrackr's report, around 99 deals were undisclosed.
During the first half, Indian startups produced a few unicorns. Last year, only two startups managed to surpass unicorn valuations, while 26 and 44 unicorns are expected to emerge in 2022 and 2021, respectively.
When it comes to month-on-month trends, June saw nearly $2 billion in funding, more than double the average monthly funding of $1 billion till May this year, the report said.
Late-stage companies like Zepto, Flipkart, PharmEasy and Lenskart topped the list with funding of $665 million, $350 million, $216 million and $200 million, respectively.
Additionally, there were 55 mergers and acquisitions in the first half of 2024, which is less than in 2023. There were more than 250 mergers and acquisitions in the year 2021, which will reduce to 204 in 2022 and 145 in 2023.
Segment-wise, e-commerce tops the list with 124 startups raising over $1.87 billion. Next on the list were fintech, healthtech, SaaS and EV startups. In terms of amount, EV startups secured more funding than SaaS and healthtech. Agritech, foodtech, edtech and proptech saw a decline in funding during the first half of 2024.
The $7 billion funding included 182 development or late-stage deals worth $5.4 billion and 404 early-stage deals worth $1.54 billion. According to Entrackr's report, around 99 deals were undisclosed.
During the first half, Indian startups produced a few unicorns. Last year, only two startups managed to surpass unicorn valuations, while 26 and 44 unicorns are expected to emerge in 2022 and 2021, respectively.
When it comes to month-on-month trends, June saw nearly $2 billion in funding, more than double the average monthly funding of $1 billion till May this year, the report said.
Late-stage companies like Zepto, Flipkart, PharmEasy and Lenskart topped the list with funding of $665 million, $350 million, $216 million and $200 million, respectively.
Additionally, there were 55 mergers and acquisitions in the first half of 2024, which is less than in 2023. There were more than 250 mergers and acquisitions in the year 2021, which will reduce to 204 in 2022 and 145 in 2023.
Segment-wise, e-commerce tops the list with 124 startups raising over $1.87 billion. Next on the list were fintech, healthtech, SaaS and EV startups. In terms of amount, EV startups secured more funding than SaaS and healthtech. Agritech, foodtech, edtech and proptech saw a decline in funding during the first half of 2024.
