Startup funding in India falls 29% in Q3 2023; least funded quarter in 5 yrs
Despite facing the challenges of a funding winter, India ranks as the "fifth highest funded country" in Q3 2023, says Tracxn’s Geo Quarterly Report
funding winter
September 2023
August 2023
July 2023
April 2023
October 2022
September 2022
July 2022
What does the future hold for Indian fintechs?
The profitability outlook for Indian fintechs has improved substantially amid expectations that the revenue would rise to $190 billion by 2030 from $17 billion in 2022, predicts BCG.
Vivriti Capital to raise up to ₹500 crore via NCDs
The public issue comprises a base issue size of up to ₹250 crore and a green shoe option of up to ₹250 crore.
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
Startup exits will only increase amid funding winter: Nithin Kamath
When growth plateaus or new fundraise at higher valuation becomes tough, the investment becomes like a loan, says Nithin Kamath.
Long winter: Startup funding at 2-year low in July-Sept quarter
Funding in India hit a two-year low of $2.7 billion during Q3CY22, according to estimates by PwC.
Amid massive job cuts, Byju's raises $250 mn from existing investors
Ed-tech major Byju's says it has adopted a "three-pronged" approach to achieve its plan of group-level profitability by March 2023.
Startup VC funding up 9.7% at $995 mn in Aug
August managed to reverse the decline in fundraising, despite a 2.3% fall in deal volume; apart from India, VC funding also rises in China.
Startups' funding winter to continue for next 12-18 months: Report
Despite the funding winter, edtech unicorn UpGrad raised another big round of $210 million funding in August .
Startup funding drops by a third in April-June quarter
Total fundraising declined 33% to $6.9 billion in the April-June period.
