Karnataka saw 72% decline in startup funding in 2023 – The New Indian Express

Karnataka, which is home to more than 18,000 startups, has been witnessing a significant decline in funding. In 2023, tech startups in the state received only $3.4 billion funding, which is a 72% plunge from $12.2 billion it raised in 2022, and an 83% decline from $20.4 billion raised in 2021, reveals data from market intelligence firm Tracxn.