
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
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
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.
The public issue comprises a base issue size of up to ₹250 crore and a green shoe option of up to ₹250 crore.
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
When growth plateaus or new fundraise at higher valuation becomes tough, the investment becomes like a loan, says Nithin Kamath.
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.