Indian Startups Secure $7B in Funding, SEA FinTech Funding Declines

Simply Startups

Indian startups secure an impressive $7 billion in funding in the first half of 2024. Meanwhile, SEA FinTech startups experience a 25% drop in funding. Plus, Suzuki launches a $40 million fund to support rural startups, and US-based EV startups face challenges due to local sourcing requirements.
Sources:
https://www.wionews.com/videos/indian-startups-secure-7-bn-in-first-half-of-2024-738107
https://technode.global/2024/07/05/tracxn-sea-fintech-startups-funding-drops-25-percent-in-first-half/
https://www.japantimes.co.jp/business/2024/07/05/companies/suzuki-india-startups/
https://www.digitimes.com/news/a20240704PD204/ira-subsidies-supply-chain-localization-bankruptcy.html
Outline:
(00:00:00) Introduction
(00:00:41) Indian startups secure $7 bn in first half of 2024
(00:03:34) Tracxn : SEA FinTech startups funding drops 25 percent in first half
(00:06:37) Suzuki starts $40 million India fund to help rural startups
(00:08:26) IRA local sourcing requirements hit US-based EV startups