
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.
Funding in India hit a two-year low of $2.7 billion during Q3CY22, according to estimates by PwC.
Ed-tech major Byju's says it has adopted a "three-pronged" approach to achieve its plan of group-level profitability by March 2023.
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.
Despite the funding winter, edtech unicorn UpGrad raised another big round of $210 million funding in August .
Total fundraising declined 33% to $6.9 billion in the April-June period.