Startups taking longer to hit Series A stage, fintech sees dip in avg time | Start Ups

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Fintech recorded a decline in average time from 54 months in 2019 to 51 months in 2024. (Representative Picture)

Startups are taking longer to progress to key funding stages than before.

On an average, startups took 93 months in 2024 (as of June-end) to move from the founded to Series A stage, the longest duration since 2014, according to a Business Standard analysis of data from startup tracker Tracxn. The Series A stage typically represents the first round of institutional funding for startups.

This figure was 80 months in 2023 and 72 months the year before. The pre-pandemic average was 65 months (chart 1). Initially, startups rely on funding from friends and family or angel investors before securing

First Published: Jul 09 2024 | 10:09 AM IST

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