A total of 568 VC funding deals worth $3.7 billion were announced in India in H1 2023, down 43.3% YoY in terms of deals volume and 76.4% in terms of value, according to a latest report by GlobalData
The partners at Elevation Capital take pride in the fact that the venture capital fund has been an early-stage backer to most of the 11 unicorns in its portfolio.
Consumer tech, SaaS, and fintech were the most-funded sectors last year, accounting for nearly 75% of all VC investments by value, says Bain & Company.