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
funding winter
January 2024
December 2023
September 2023
August 2023
July 2023
April 2023
October 2022
It Is Not Just About Funding Winter
Investor focus on quality companies driven by caution and scalability.
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.
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
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.
