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Rajan Paswan

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May 2024: A Landmark Month for Indian Startup Funding! In May 2024, the Indian startup ecosystem witnessed a significant surge in funding, raising $1.3 billion, the highest monthly total this year. This growth was driven by several large deals, including a $350 million investment in Flipkart by Google, and substantial rounds for SaaS firm Atlan and healthtech startup NephroPlus. Additionally, the sector saw a rise in mergers and acquisitions, with notable deals like Freshworks acquiring Device42 for $230 million. Despite some layoffs in companies like PrepLadder and Simpl, the overall outlook remains positive as the market adjusts and investors show renewed confidence. This influx of capital and strategic movements indicate a robust and dynamic phase for Indian startups, suggesting a promising trajectory for the rest of 2024.

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