National Startup Day: Funding winter chill continues, global VC investments declined 42% in 2023 – Live Mint

Venture capital (VC) funding investment in Indian startups decreased by almost one third in comparison to the funding received in CY22, which amounted to USD 20.6 billion and constituted 4.8 per cent of the global total, according to CB Insights global data. While there were 71 new unicorns globally, with 21 emerging in Asia. India only added two unicorns, a notable decrease from CY22 when it saw the emergence of 22 unicorns.