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Bengaluru start-ups raise 53% of total funding in Feb: Report

Thehindubusinessline · 1y

Bengaluru start-ups dominated funding in February 2024, raising 53% of the total funding amount. They secured INR 2,661 crore out of the total INR 5,039 crore raised. Mumbai and Delhi NCR followed with INR 922 crore and INR 829 crore respectively. Tier 1 cities accounted for 99% of the funding, with an average deal size of INR 33 crore, while Tier 2 and 3 cities raised only 1% with an average deal size of INR 4 crore. The total funding raised in February increased by 43% compared to the previous year.