Startup Funding Recap: April 2024

As April bids farewell, let’s look the ups and lows in the Indian startup ecosystem throughout the month. As we set the context, the numbers speak for themselves.

Highlights that we will be exploring;

Deal Volume
Total Value
Top 3 Deals
Top Investors
Deal Volume (Investor Type)

Startup Funding Deal Volume (Apr 2023 – Apr 2024)

April 2024 witnessed a 16% drop in deal volumes compared to the previous month.

However, there’s a silver lining – deal volumes soared by a remarkable 24% compared to April 2023, showcasing resilience amidst challenges.

Startup Funding Total Value (Apr 2023 – Apr 2024) (₹ cr)

While the amount raised took a slight dip of 10% from the previous month of March, April 2024 echoed the rhythms of April 2023, with a 1% increase in the total funding value.

April 2024: Startup Funding by Value (Apr 2023 - Apr 2024) (₹ cr).

In April 2024, the amount raised by the startup ecosystem dropped by 10% compared to last month. In comparison to April 2023, the amount raised was up by 1% showing almost similar deal activity as a year earlier.

Note: This does not include debt and secondary rounds. Only funding raised by companies headquartered in India has been considered. Startups, for the purpose of this study, are defined as companies incorporated in 2009 or later. — ^{_{Click on the graph to access the responsive iframe. You can embed it or download the data or download the image.}}

Startup Funding Top 3 Deals (₹ cr)

Pharmeasy emerges as the champion of April with a monumental raise of ₹1,800 crores.

April 2024: Top 3 Deals (₹ cr).

Pharmeasy raised the biggest round of ₹1,800 crores from MEMG Family Office, Prosus, 360 ONE, Temasek, and others.

Note: This does not include debt and secondary rounds. Only funding raised by companies headquartered in India has been considered. Startups, for the purpose of this study, are defined as companies incorporated in 2009 or later. — ^{_{Click on the graph to access the responsive iframe. You can embed it or download the data or download the image.}}

With support from MEMG Family Office, Prosus, and others. Pharmeasy sets the bar high for innovation and growth in the healthcare sector.

Startup Funding Top Investors (Deal Volume)

Venture Catalysts steals the spotlight as the top investor in April 2024, spearheading early-stage investments. Followed by Inflection Point Ventures, Blume Ventures, Ciie Initiatives, and others.