
Startup funding in 2023 lowest in 5 years
Only two new unicorns were created in 2023 — Incred and Zepto — as against 23 in the previous year.
Only two new unicorns were created in 2023 — Incred and Zepto — as against 23 in the previous year.
The present capital infusion builds upon the company's previous raise in 2022, bringing its total funding to $95 million, which is the largest ever for an Indian space-tech startup.
Investors and entrepreneurs have been overestimating the market, says the Infosys founder at the Fortune India 40 Under 40 Awards.
The overall figure of unicorns reduced to 83 from 84
Young Yuvraj Mahanaaryaman Scindia of Gwalior is a natural entrepreneur whose start-ups have already attracted funding — from events accompanied by music and food, as well as app.
Unit economics, scale, profitability and other classical principles of doing business take centre-stage for India Inc.'s GenNext leaders.
Despite the decline, India continues to be a key APAC market for VC funding and stands next only to China in terms of both VC deals volume and value.
When growth plateaus or new fundraise at higher valuation becomes tough, the investment becomes like a loan, says Nithin Kamath.
The drop in investments follows a 29% drop in 2022
Companies on path to profitability are increasingly evincing interest from investors. These companies work hard on unit economics, gross margins, contribution margins, ROIs on spends.