Domestic startups battle to raise funds as funding declines by 77% YoY in H1 2023
The startup funding also witnessed a significant drop of 24% as compared to the $7.3 billion funds raised in H2 of 2022
tracxn data on startup funding
July 2023
April 2023
Startup funding declines 75% to $2.8 bn in Q1 2023: Tracxn
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.
