Q1 Witnesses 75% Drop in Funding for Indian Startups, No New Unicorn Emerges in 3 Months – Inventiva

The report reveals that Indian startups raised a total of Rs2.8 billion in funds during Q1 2023, which is a massive 75 percent lower than the Rs11.9 billion raised in Q1 2022. This decline in funding can be attributed to the impact of rising inflation and interest rates, which have had a significant effect on investment activities in the startup ecosystem.