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India's startup-focused venture capital funding declines by 71.5 per cent: Report
The Statesman
|October 05, 2023
In a considerable drop, India's startup-focused venture capital funding declined by 71.5% year-on-year compared to $17.1 billion worth of funding raised during JanuaryAugust 2022, a latest report stated.
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According to data analytics and consulting company, GlobalData, the corresponding deal volume recorded 42% YoY decline over 1,266 VC funding deals announced during JanuaryAugust 2022.
It highlighted that the VC funding space underwent significant changes in the first eight months of 2023. During this period, 734 VC funding deals were announced, amassing a total of $4.9 billion.
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