The Top 10 Most Funded Startups in India for H1 2024

By Nazmia Nassereddine • 30 October 2024

A group of professionals in a high-tech control room with a presentation on a large screen.

India's startup ecosystem has demonstrated its dynamism in the first half of 2024, attracting US $5.3 billion across 504 funding deals, down only 2% from the previous year. According to Inc42’s Indian Startup Financials Tracker, 110 out of 146 leading new-age tech companies reported losses in FY23. Nonetheless, the Indian entrepreneurial spirit remains undeterred, with the largest funding rounds in H1 2024 demonstrating continued investor confidence and a significant portion of these investments being directed towards startups that have either achieved or previously held unicorn valuations. This list not only reflects the substantial scale of investments but also highlights the sectors driving India's innovation frontier, from Social and Q/E-commerce to EdTech, and beyond.

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Mentioned Startup & VC Profiles

Purplle

Purplle is an online store selling cosmetics, fragrances, skin, and hair care products that aims to take shopping experience to a different level.

PharmEasy

PharmEasy is the leading online healthcare aggregator, dedicated to making healthcare accessible and affordable with a wide network of pharmacy stores and diagnostic centers.

BYJU’S

BYJU'S is an educational technology company that develops personalized learning programs for K-12 students.

Flipkart

Flipkart operates an online shopping website with a registered customer base of over 100 million.

BharatPe

BharatPe is a financial services platform that processes payments via UPI and POS, and provides credit or loans to their merchants.

Meesho

Meesho is a rapidly growing e-commerce company, dedicated to making online commerce accessible to everyone by connecting millions of sellers, consumers, and entrepreneurs.

Pocket FM

Pocket FM is an audio series platform that provides audio entertainment.

Perfios Software Solutions

Perfios Software Solutions is India's largest SaaS-based B2B fintech software company empowering 1000+ FIs to take informed decisions in real-time.

Zepto

Zepto offers a 10-minute grocery delivery service with an e-grocery app that revolutionizes the grocery buying experience. It consistently delivers 2,500+ products in 10 minutes flat. The company’s vision is to become the go-to platform for consumers seeking quick and reliable grocery delivery, while also creating a robust supply chain andoperational model that can be scaled across various markets.

Shadowfax

Shadowfax stands as India's leading provider of e-commerce express parcel and value-added solutions. With a robust distribution network covering over 2,500 cities and more than 18,000 PIN codes, Shadowfax has established itself as a key player in the logistics sector.