Growth of Startup Business
2024 Year in Review | who’s in, who’s out: the biggest executive moves in Indian tech & startup sector:
More than a dozen chief executives across new-age technology startups moved into new roles in 2024 in the top-level churn triggered by business restructuring, initial public offering (IPO) plans, and a broader push for profitability across companies.
Some of the most notable movements included Amitesh Jha, who led marketplace and categories at Flipkart moved to Swiggy Instamart as its CEO, replacing cofounder Phani Kishan Addepalli.Year in Review: Startup funding freeze saw signs of thaw in 2024 | The Indian venture ecosystem mostly remained in the slow lane through 2024, showing a slight uptick than the year prior. Lack of disruptive ideas to capitalise on recent breakthroughs in artificial intelligence and growth-stage founders’ reluctance to accept valuation corrections prolonged last year’s funding freeze, according to venture investors.
Local startups raised $10.9 billion this calendar year December 13, slightly more than $9.6 billion raised during 2023, data from Venture Intelligence showed. The number of deals closed so far this year fell to 809 from 829 a year back. Year in Review: VC firms sit on a pile of cash but wary of backing startups: India's venture capital ecosystem is maintaining a cautious stance in backing startups despite having a large unutilised cash pile amid pressure to clock better returns and profits.
