She told us, When I looked at other ecosystems like US, UK, and China, they had a very structured support system to help startups in the form of incubators and accelerators. This motivated me to set up Afthonia, a structured ecosystem for startups to grow.

In the US, investors financed 3,011 startup funding deals last quarter, about a third fewer than a year ago. And they spent a lot less cash: Rs39.8 billion, down by nearly half from the same period last year. Take out the more than Rs6.5 billion investors spent on payments company Stripe, and the total looks even worse, said PitchBook analyst Kyle Stanford.

In today s world, plastic waste has become a pressing issue that requires immediate attention and innovative solutions. Fortunately, several startups have emerged with a mission to tackle this problem headon. These startups are dedicated to finding sustainable alternative, recycling plastic waste, and promoting a circular economy.

In recent times, the Indian startup ecosystem has witnessed a significant shift in M&A trends, as cash-strapped startups and unicorns seek strategic investors to rescue them from a looming down round. One prominent example is PharmEasy, which caught the attention of industry experts and media alike.

India’s success with innovation, entrepreneurship, electronics manufacturing as well as its digital clout is just the “tip” of a massive growth opportunity before the country, and the nation has the ability to scale to one lakh unicorns and almost 10-20 lakh startups in future, according to Union Minister Rajeev Chandrasekhar.

India’s startup ecosystem ranked third in terms of funding in 2022, and it moved up to second in Q1 2023, and there is a tremendous amount of growth potential.” Examining the funding by stage, late-stage rounds in H1 2023 witnessed a decline of 71 percent, amounting to Rs3.8 billion compared to H1 2022.

The Surat-based startup will use the funding for product development, research and marketing. Founded in 2020 by Arth Chowdhary and Deyvant Bhardwaj, InsideFPV is a drone maker which targets to penetrate the consumer drone space, agricultural and defence space in the coming quarters.