Despite funding winter, $8.4 bn poured into Indian startups in 2023
Retail, enterprise applications, fintech, transportation top-funded sectors from 2014 to 2023; DeepTech sees rise in funding, reaches $2.1 bn in 2022
Retail, enterprise applications, fintech, transportation top-funded sectors from 2014 to 2023; DeepTech sees rise in funding, reaches $2.1 bn in 2022
Investor focus on quality companies driven by caution and scalability.
Only two new unicorns were created in 2023 — Incred and Zepto — as against 23 in the previous year.
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.