Fintech

Startups Take Longer to Reach Series A, Fintech Sees Average Time Decline | Start Up

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The Fintech sector has seen a decline in average time from 54 months in 2019 to 51 months in 2024. (Representative image)

1 min read Last updated: Jul 09, 2024 | 10:09 AM IST

Startups are taking longer than ever before to reach key funding stages.

On average, startups took 93 months in 2024 (as of the end of June) to go from seed to Series A, the longest time since 2014, according to a Business Standard analysis of data from startup tracker Tracxn. Series A typically represents the first round of institutional funding for startups.

This figure was 80 months in 2023 and 72 months the year before. The pre-pandemic average was 65 months (chart 1). Initially, startups rely on funding from friends and family or angel investors before securing

First Published: Jul 09, 2024 | 10:09 AM IST

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