It Is Not Just About Funding Winter
Investor focus on quality companies driven by caution and scalability.
Investor focus on quality companies driven by caution and scalability.
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
Despite the decline, India continues to be a key APAC market for VC funding and stands next only to China in terms of both VC deals volume and value.
As per the report, the late-stage funding accounted for the increase in funding raised with $688M being raised in total in January 2023, an increase of 16% as compared to December 2022.
The number of funding rounds also declined by 29% to 390 rounds in 2022 as compared to the same period in 2021.
However, the domestic start-ups raised funds more than twice in CY22 against ₹1,090 crore in CY20 and ₹1,280 crore in CY19.