Start-up funding falls 13% to $4.1 bn in H1, 2024

THOUGH April saw a record monthly funding of $862 million, start-ups have raised only $4.1 billion in the first six months of 2024, a fall of 13% as against $4.8 billion raised in H1 2023.

- UMA KANNAN

However, it saw 4% increase compared to H2 of 2023 as start-ups raised $3.96 billion from July-December 2023.

Tracxn in its semi annual report released on Thursday said the first half of the year witnessed eight $100 million + funding rounds and companies such as Flipkart, Apollo 2417 and Meesho have managed to raise funds above $250 million in this period. While Flipkart has raised a total of $350 million in Series J round led by Google, Meesho raised $275 million in Series F round.