
Startups funding declines 33% YoY to ₹2,400 cr in CY22: PwC
However, the domestic start-ups raised funds more than twice in CY22 against ₹1,090 crore in CY20 and ₹1,280 crore in CY19.
However, the domestic start-ups raised funds more than twice in CY22 against ₹1,090 crore in CY20 and ₹1,280 crore in CY19.
The count of mega deals—transactions amounting to over $100 million, dropped to 111 in 2022, compared to 152 in 2021.
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.
The number of funding rounds has dropped by 30% to 1,841 so far this year from 2,647 seen in the Jan-Nov period last year, according to a report by Tracxn
The hiring of new permanent employees by startups has dipped by as much as 61% in the last year, according to the Annual Insights Report published by RazorpayX Payroll.
Fortune India’s Next 500 event brought together companies which have shown growth in difficult times.
Disruption creates the space for providing new solutions, where fast-moving start-ups can gain ground compared to the structure-heavy MNCs, experts say.
A lot of start-ups are coming from tier-2 and tier-3 cities, as opposed to being centred in metro cities, emphasised Jyotiraditya Scindia.
Byju's roadmap includes going deeper into India with more regional languages, and explore the prospect of becoming a global player, says co-founder Divya Gokulnath.
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