{"id":1244720,"date":"2023-04-18T07:50:16","date_gmt":"2023-04-18T02:20:16","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1244720"},"modified":"2023-04-18T07:50:16","modified_gmt":"2023-04-18T02:20:16","slug":"vc-funding-for-indian-startups-reduce-by-75-foreign-investors-halt-majority-of-investments-in-india","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/vc-funding-for-indian-startups-reduce-by-75-foreign-investors-halt-majority-of-investments-in-india\/","title":{"rendered":"VC Funding For Indian Startups Reduce By 75%; Foreign Investors Halt Majority Of Investments In India"},"content":{"rendered":"\n

As per the latest report by market data platform Tracxn<\/a>, the global funding winter has hit the Indian start-ups hard as the funding has took a nosedive and as compared to previous years\u2019 $11.6 billion, this year witnessed a decrease of 75% in the January-March period as compared to last year.<\/p>\n\n\n\n

\"VC<\/figure>\n\n\n\n

This year the funding in the January-March period stood at mere $2.8 billion. This plummeting number can be attributed to the rise in inflation and tightening of easy money by central banks globally. This has happened as the funding has fallen 24% in the period on a sequential basis as against a close to 9% rise in the prior quarter.<\/p>\n\n\n\n

Indian Startups\u2019 Funding Unquenched<\/strong><\/p>\n\n\n\n

As compared to last year, the number of foreign institutional investors pumping money into Indian startups has decreased from 391 to only 74.<\/p>\n\n\n\n

Though India was the second-highest funded country after the United States, the quarter did not see any unicorns created.<\/p>\n\n\n\n

Whereas as many as 14 unicorns were generated by the startup ecosystem in the year-ago period. As per the data, the number of funding rounds saw a 63% drop year-on-year (y-o-y) to 301 in the January-March period.<\/p>\n\n\n\n

Amongst all the startups, those at the late-stage deals faced the flak, as it witnessed the high shrink in the funding, which stood at $1.8 billion as compared to $8.8 billion in the same period last year. These are the funding that are given to the startup to scale its operations and maximise performance.<\/p>\n\n\n\n

There was a 16% drop quarter-on-quarter for the seed stage rounds as they got a funding of $0.15 billion. <\/p>\n\n\n\n

In the January-March period, a funding of $0.84 billion was seen in the early-stage rounds. This was a 68% decline from a year ago\u2013 it saw a sequential drop of 4%.<\/p>\n\n\n\n

PhonePe Leads in Funding; Bangalore Loses Some, Delhi Gains Some<\/strong><\/p>\n\n\n\n

Speaking of the Series D fund raise, then amongst all startups, PhonePe with $0.7 billion led the show.<\/p>\n\n\n\n

Other startups that managed to raise over $0.1 billion funds in the January-March quarter include Lenskart, Mintify, Insurance Dekho, FreshtoHome foods, TI Clean Mobility and KreditBee.<\/p>\n\n\n\n

The report pointed out that \u201cFintech, retail, and enterprise applications were the top-performing sectors in Q1 2023″.<\/p>\n\n\n\n

As compared to previous year, the fintech space saw a 150% funding growth.<\/p>\n\n\n\n

However, this is a drop of 51% on  year-on-year basis. Companies in the electric vehicle (EV) space received a funding of $0.3 billion in this quarter.<\/p>\n\n\n\n

City-wise, with $1.2 billion, Bengaluru continued to be the top city on startup funding in the March-ended quarter. However, Delhi made gains with startups in the national capital seeing $0.6 billion worth of funding compared to close to $0.2 billion in the previous quarter. Gurugram\u2019s share in total funding dropped to 11% from 21% in the prior quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

As per the latest report by market data platform Tracxn, the global funding winter has hit the Indian start-ups hard as the funding has took a nosedive and as compared to previous years\u2019 $11.6 billion, this year witnessed a decrease of 75% in the January-March period as compared to last year. This year the funding […]<\/p>\n","protected":false},"author":26,"featured_media":1244774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1395,1394],"class_list":["post-1244720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-investments","tag-vc-funding"],"acf":[],"yoast_head":"\nVC Funding For Indian Startups Reduce By 75%; Foreign Investors Halt Majority Of Investments In India - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/vc-funding-for-indian-startups-reduce-by-75-foreign-investors-halt-majority-of-investments-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VC Funding For Indian Startups Reduce By 75%; Foreign Investors Halt Majority Of Investments In India - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"As per the latest report by market data platform Tracxn, the global funding winter has hit the Indian start-ups hard as the funding has took a nosedive and as compared to previous years\u2019 $11.6 billion, this year witnessed a decrease of 75% in the January-March period as compared to last year. 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