Indian Startups Raise Remarkable USD 1.03 Billion in July 2024 Amid Global Economic Challenges; Fintech, E-Commerce and SaaS Lead

Indian startups have raised USD 1.03 billion across 126 deals in July 2024 showcasing the resilience of the sector amid the rising economic challenges worldwide. Among these startups, two startups with key investment were highlighted including Purplle cosmetic and perfume and Rapido transport company. The highest deal activity was witnessed in cities including Bengaluru followed by Delhi-NCR and Mumbai. The growth of Indian startups was seen the highest in the sectors like fintech, e-commerce and SaaS (Software as a service). The government-run Startup India (@startupindia) posted on X, "Despite some setbacks, the ecosystem shows robust growth and promises more opportunities ahead." Telecom Service Providers To Ensure Quality of Service Despite Facing Regulatory Challenges: Cellular Operators Association of India.

Indian Startups Raise USD 1.03 Billion in July This Year

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