The Top 10 Most Funded Startups in India (H1 2024)

India’s startup ecosystem has shown remarkable resilience in H1 2024, raising US $5.3 billion across 504 deals. Below is a look at the top 10 most funded startups, which collectively secured over US $2 billion across diverse sectors, from FoodTech to FinTech:

• Zepto raised US $665 million in Series F funding led by Glade Brook Capital Partners and Nexus Venture Partners, solidifying its rapid delivery network across major Indian cities.
• Flipkart received US $350 million from Google, enhancing its valuation to US $37 billion and strengthening its digital infrastructure through a Google Cloud partnership.
• Social commerce giant Meesho raised US $275 million, led by SoftBank, Prosus, and Peak XV Partners, aiming to grow its platform as it prepares for an IPO in India.
• PharmEasy attracted US $216 million from Manipal Education and Medical Group, aimed at managing debt obligations and navigating challenging financial waters.
• BYJU'S secured US $200 million led by Prosus Ventures, despite financial restructuring, and continues to serve millions of students worldwide.
• Purplle closed US $120 million from Abu Dhabi Investment Authority and PremjiInvest to expand its reach across India, offering a wide array of beauty products.
• Audio platform Pocket FM raised US $103 million from Lightspeed Venture Partners and StepStone Group, expanding into new markets in Europe and Latin America.
• Last-mile logistics firm Shadowfax secured US $100 million led by TPG NewQuest, with plans to grow its network to cover 20,000 pin codes in India.
• BharatPe raised US $100 million from InnoVen Capital through debt financing, maintaining momentum as it expands its merchant-focused financial services.
• Perfios secured US$80 million from Teachers’ Venture Growth to boost its international presence and explore acquisitions.