Indian start-ups likely to secure $8-12B funding in 2024


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Rajan Anandan, the managing director of venture capital firm Peak XV, anticipates that Indian start-ups are on track to garner between $8 and $12 billion in funding this year. Speaking at the StartUp Mahakumbh event, Anandan emphasized that India's start-up ecosystem is globally acknowledged for its dynamism. He also disclosed that around $20 billion of private capital is currently unallocated but reserved for investment in private firms and start-ups within the country.