Startup funding in India slows to $1.6 bn; 2 unicorns emerge in Q1
Retail, fintech, and enterprise applications were top-performing sectors in Q1 2024, with enterprise applications receiving $448 million, a growth of 48% YoY
Retail, fintech, and enterprise applications were top-performing sectors in Q1 2024, with enterprise applications receiving $448 million, a growth of 48% YoY
In the first two months of 2024, women-led startups raised $100 million in funding, close to $103 million raised in the first two months of 2023.
Investor focus on quality companies driven by caution and scalability.
Five Indian tech startups — Pixxel, Agnikul Cosmos, Satsure, Satyukt Analytics and PierSight – raised venture funds in the last five months
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 startup funding also witnessed a significant drop of 24% as compared to the $7.3 billion funds raised in H2 of 2022
The report attributes soaring inflation and the hike in interest rates by central banks globally to be the major reasons for the decline in startup funding.
Profitability over growth is the new mantra as start-ups course-correct to keep the funding tap on.
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 .