Funding for Indian technology startups declined 72 per cent in 2023, making it the lowest-funded year in the last five years.
National
The last quarter (Q4) received $957 million, the lowest-funded quarter since Q3 2016, according to Tracxn Geo’s 'Annual Report: India Tech 2023'. Late-stage funding in 2023 has declined by more than 73 per cent to $4.2 billion compared to $15.6 billion in 2022. There have been 17 funding rounds of $100 million+ each yet this year, dropping 69 per cent compared to last year.
Funding for Indian technology startups declined 72 per cent in 2023,
making it the lowest-funded year in the last five years, said a report on Friday.
The last quarter (Q4) received $957 million, the lowest-funded quarter since Q3 2016, according to Tracxn Geo’s
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