Funding winter, offshore ventures lower India’s unicorn tally to 67: Hurun
When it comes to the latest tech rage i.e. AI, India has only one unicorn, Krutrim; the US and China lead with 60 and 37 AI unicorns, respectively
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Despite funding winter, $8.4 bn poured into Indian startups in 2023
Retail, enterprise applications, fintech, transportation top-funded sectors from 2014 to 2023; DeepTech sees rise in funding, reaches $2.1 bn in 2022
Angels Hold Steady Amid Funding Winter
Angel investors bet on early-stage start-ups, crack the unicorn code, defying funding slowdown.
Zepto becomes India's first unicorn of 2023; raises $200 mn at $1.4 bn valuation
Zepto aims to turn EBITDA (earnings before interest tax, depreciation and amortization) positive in the next 12 to 15 months.
70% drop in funding jolts startups into finding path to profitability
While the industry experienced sharp funding growth during FY22 which amounted to approximately $50 billion, onset of the funding winter caused a massive drop to nearly $15 billion in 2023
VC funding in Indian startups drops 76.4% YoY in H1 2023
A total of 568 VC funding deals worth $3.7 billion were announced in India in H1 2023, down 43.3% YoY in terms of deals volume and 76.4% in terms of value, according to a latest report by GlobalData
Domestic startup funding falls 36% in H1 2023, lowest in four years: PwC
Growth- and late-stage funding deals accounted for 84% of the funding activity in H1 CY23 in value terms.
Fortune India TheNext500: India leapfrogs ahead as global economy under cloud of recession, says Anurag Thakur
According to Thakur, the country has become the fifth-largest economy in the world in the past nine years.
Zerodha CEO Nithin Kamath urges retail investors to back Indian entrepreneurs
He said the move will aid in inclusive distribution of wealth in the country, as most wealth gets captured outside India, today.
No angel tax on pvt investment from 21 countries in Indian startups
Economies like the US, the UK, Germany and France included in the list; Singapore, Netherlands and Mauritius kept out
