Pune-based startups have raised a total of $395 million (approximately ₹3,414 crore) in 2024, across 70 funding rounds. The figure marks a 10% dip from the $437 million that was raised in 2023 through 110 funding rounds. However, investors are optimistic, and the sentiment is still upbeat, showing the resilience of the startup ecosystem in the city.

Key Highlights
Let’s see the key Highlights of this Funding
- Funding Overview: With a total funding of $395 million in 2024, it is notable that the total funding is significantly lower than last year, which saw Pune startups perform better. The overall decline in funding is part of the general trend observed in the landscape of startup funding across India.
- Investor Sentiment: The experts feel investor interest in startups in Pune still remains strong. The city offers a talent pool that is gradually growing, including from established IT hubs, besides witnessing major GCCs being set up to support the startup ecosystem.
- Sectoral Growth: Pune has traditionally been known as a hub for automotive, manufacturing, and IT services. However, it is gradually turning into a center for startups in emerging sectors such as cybersecurity, agritech, SaaS, deep tech, healthcare, and life sciences. This diversification is expected to attract more investment in the future.
- Comparative Analysis: When compared to other major Indian cities, the total funding of Pune is relatively lower. Bengaluru tops the list with an impressive $3.5 billion, followed by Mumbai at $2.9 billion, Gurugram at $897 million, and Hyderabad at $555 million. This goes on to prove the competitiveness of the startup ecosystem in India.
- Acquisitions: In 2024, Pune also registered a total of four acquisitions that have decreased to ten from the previous year. Bengaluru accounted for 45 acquisitions while Mumbai accounted for 23 acquisitions, Gurugram accounted for 10, and Hyderabad accounted for five. It can be an indicator of potential slowing down in the M&A trend in the startup ecosystem within Pune.
In conclusion, the funding landscape for Pune startups in 2024 reflects both challenges and opportunities. While the 10% dip in funding may raise concerns, the underlying investor sentiment and the city’s evolving startup ecosystem suggest a promising future. As Pune continues to diversify into new sectors and leverage its talent pool, it may regain momentum and attract more significant investments in the coming years.