For the best experience, open
https://m.greaterkashmir.com
on your mobile browser.

Indian tech startups receive Rs 1.6 bn in funding in Q1 2024

11:46 PM Mar 26, 2024 IST | IANS
indian tech startups receive rs 1 6 bn in funding in q1 2024
Advertisement

New Delhi, Mar 26: The Indian tech startup ecosystem received $1.6 billion in total funding in the first quarter this year (till March 15), becoming the fourth-highest nation globally in terms of funding raised during this period, a new report showed on Tuesday.

Advertisement
   

Retail, fintech and enterprise applications were the top-performing sectors, with fintech witnessing a 48 per cent growth from the previous quarter due to the rapid adoption of smartphones and other favourable regulatory policies, according to the report by Tracxn, a leading market intelligence platform.

Advertisement

“Despite the funding slowdown and economic fluctuations, India's tech startup ecosystem is still one of the top-performing tech ecosystems globally,” said Neha Singh, Co-Founder of Tracxn.

Advertisement
Advertisement