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.
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
Angel investors bet on early-stage start-ups, crack the unicorn code, defying funding slowdown.
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
The early-stage investments plunged by 81% and 68% from H1 of 2022 and H2 of 2022, respectively.
Growth- and late-stage funding deals accounted for 84% of the funding activity in H1 CY23 in value terms.
The startup funding also witnessed a significant drop of 24% as compared to the $7.3 billion funds raised in H2 of 2022
While founders will be blamed, the venture capital (VC) ecosystem is equally to blame, says Zerodha founder