Dhaka, Feb. 7 -- New investments in local start-ups declined significantly in 2024 compared to the previous year mainly due to political turmoil, economic uncertainties, and changing global trends, according to a report.

The volume of new funding fell by around 43 per cent to $41.3 million last year from $72.0 million in 2023, said the report titled "Bangladesh Start-up Investments Report 2024: Year in Review" and published recently by management consulting firm LightCastle Partners.

The company compiled the data with inputs from all stakeholders, including the state-run venture capital company Startup Bangladesh Limited.

The report said global venture funding continued its downward trend in 2024 over hikes in interest rates, geopoliti...