Remarkably, every quarter this year has experienced a decrease in investment compared to 2022, a trend expected to persist in the upcoming quarter. In Q3 2023, Indian startups secured $1.7 billion in investment, indicating a 43% drop from the corresponding period last year. This decline is attributed to various factors, including a reduction in significant investment deals, corporate governance issues in startups, and broader global economic challenges.
Late-stage funding witnessed a 33% reduction, while early-stage and seed-stage funding plummeted by 74% and 75%, respectively, compared to the same quarter in the previous year. According to Inc42, the period from July to September witnessed the rise of a unicorn, Zepto. In this timeframe, merely three funding rounds exceeded the $100 million mark, showcasing companies like Perfios, Zepto, and Ather.
Perfios Zepto Ather Energy Pixis Bright Money
Kedaara Capital StepStone Group Nexus Venture Partners Hero MotoCorp GIC Touring Capital General Atlantic Encina Lender Finance, LLC Peak XV Partners
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