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Indian Fintech Startup Funding surges 59% in Q1CY2024: Tracxn report

Published on April 16, 2024
Current Context: According to the Tracxn Geo Quarterly Report, Indian fintech startups saw a significant surge in funding in Q1CY2024, with a 59% increase from the previous quarter, raising USD 550.8 million across 33 deals.
  • However, this was a 57% decline on a year-on-year basis compared to Q1 of 2023’s USD 1.3 billion.
  • Despite this, India ranked 3rd globally in fintech funding, trailing behind the US and China.
  • The sectors that performed the best were Alternative lending, RegTech, and Banking Tech.
  • In terms of geographical distribution, Bengaluru led in fintech funding, followed by Mumbai and Hyderabad.
  • The report is released by Tracxn, a leading SaaS-based market intelligence platform that provides insights into various sectors, including fintech.


Q.1 What was India’s global rank in fintech funding in Q1CY2024 According to the Tracxn Geo Quarterly Report?
a. 1st
b. 2nd
c. 3rd
d. 4th
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