The Indian tech startup ecosystem has raised $7.6 billion in funding over the past nine months, resulting in the emergence of six new unicorns.

A report released on Tuesday indicated that the Indian tech startup ecosystem raised $7.6 billion in funding during the first nine months of this year, introducing six new unicorns—a remarkable increase of 500 percent compared to just one unicorn in 2023. Additionally, the number of initial public offerings (IPOs) has risen significantly, with 29 tech companies going public in 2024 thus far, compared to only 15 during the same timeframe in 2023, as noted in the report by Tracxn, a market intelligence platform based on SaaS.