Year in Review: Startup funding freeze saw signs of thaw in 2024

Indian startups raised slightly more funding in 2024 than in 2023, but the ecosystem remained slow. Fewer deals were closed. Several new unicorns emerged. Some existing unicorns saw valuation corrections. The IPO market surged, with some companies going public at lower valuations. Investors are cautiously optimistic about the future, citing improved public market performance and India's strong economic outlook.