According to Tracxn reports (Market-Intelligence Platform), From $37.2 bn in the year 2021 to $24.7 bn in 2022 YTD, investment for Indian start-ups has dipped by 35%, which has significantly brought a sharp dip in the ‘late-stage’ funding.
From January through November 2021, the ‘late-stage’ funding has decreased by 45% to $16.1 bn in 2022, from $29.3 bn in 2021.
When compared to Q2 of 2022, and the top of Quarter-3 2021, funding decreased by 58% and 79%, respectively, in Quarter-3 2022. Even if the past month has shown promise, it is still too soon to declare that the worst is over.
Neha Singh, the CEO & Co-Founder of Tracxn, said “We need to wait one or two quarters to see if the momentum continues”.
New Delhi: Midas, a wealthtech startup based in Istanbul, has successfully raised $45 million in…
New Delhi: LetsTransport, a leading truck aggregator has successfully secured $22 million in a latest…
New Delhi: Berlin-based SaaS company, finmid, has successfully secured €35M in the early stages of…
New Delhi: Salesforce is in talks to acquire Informatica, a cloud data management company. This…
New Delhi: Intel has recently introduced a new AI chip, the Gaudi 3, at the…
New Delhi: Sprinto, a software company specializing in automating risk management and compliance tasks, has…