Will funding hibernation end for Indian startups? Investors see inflow rebound in 2024 | Mint

Startups funding in India witnessed a significant decline of 40 per cent in 2024 from January to March as compared to the same quarter last year. Indian startups raised $2 billion funds in the January-March quarter, while the figure was $3.3 billion in the year-ago quarter, according to data sourced from market research firm Tracxn. Indian startups ecosystem has already added two unicorns to its fleet in 2024 so far — fintech SaaS Perfios and Bhavish Aggarwal's AI venture Krutrim. …