🚀 2024 In Review: India’s Startup Ecosystem Flourishing Despite Challenges 🇮🇳 🦄 Unicorn Club of 2024: Six New Additions This year, six startups crossed the coveted $1 billion valuation mark, bringing India's total unicorn count to 118. Together, these companies have raised a staggering $100 billion+ in funding to date, solidifying India’s position as a global startup powerhouse. 💰 $100 Mn & Counting: Mega Rounds That Dominated 2024 2024 saw 22 startups securing mega funding rounds, collectively raising over $5.2 billion. This marked a notable rise from $4.2 billion raised through 23 deals last year. These funding milestones underscore the resilience of Indian startups amid global economic headwinds. 💼 ESOP Buybacks: Wealth Generation for Employees A record-breaking 3,000+ startup employees benefitted from ESOP buybacks in 2024, with 23 startups driving wealth creation worth over INR 1,450 crore. This highlights the maturing ecosystem’s commitment to rewarding talent. 📈 D-Street Debut: 12 Startups Go Public Despite a funding winter and global macroeconomic pressures, 12 Indian startups made their IPO debut in 2024. Favourable market conditions and a growing appetite for tech-driven IPOs propelled these companies to thrive on Dalal Street. 🤝 M&A Activity: Challenges Persist Mergers and acquisitions saw a 45% YoY decline in H1 2024, with only 37 deals compared to 67 deals in H1 2023. Sequentially, the decline stood at 34%, with 56 deals recorded in H2 2023. Despite the slowdown, strategic acquisitions remained a key driver of growth for established players. India’s startup ecosystem showcased resilience, innovation, and growth in 2024, setting the stage for an exciting 2025.
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