Mumbai Surpasses Bengaluru in Funding: In a significant shift, Mumbai emerged as India's most-funded startup hub in 2024, raising $3.67 billion across 175 deals, slightly surpassing Bengaluru's $3.43 billion from 285 deals. This change was largely attributed to Zepto's substantial funding68. DPIIT Partnerships: The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with boAt to support direct-to-consumer (D2C) and manufacturing startups, further strengthening India's entrepreneurial ecosystem
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