Indian Startup Funding Zooms 20% To Over $12 Bn In 2024

At the Inc42 MoneyX conclave last year, several industry leaders and veterans declared the end of the funding winter when founders were crying havoc due to a paucity of funds. 

While Sanjeev Bikhchandani of Info Edge was quite firm in his standing that there was no funding winter, Rajan Anandan of Peak XV Partners highlighted that the VC firm was sitting on dry powder exceeding $2.34 Bn (INR 20,000 Cr). 

We understand that their optimism stemmed from the fact that there were many ventures worthy of funding and founders focussed on building fundamentally strong ventures versus cash-guzzling entities. 

Close on the heels of the event, weekly funding fell with a thud. Notably, the numbers first tanked from $200 Mn (between July 17 and July 22) to $42 Mn (between July 24 and July 29). Imperative to mention…