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
The startup funding also witnessed a significant drop of 24% as compared to the $7.3 billion funds raised in H2 of 2022
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.