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# Indian startups raised $3 billion in Q3 2022, down 57%
- URL: https://www.techloy.com/indian-startups-raised-3-billion-in-q3-2022/
- Published: 2022-10-11T22:20:53.000Z
- Updated: 2022-10-11T22:20:53.000Z
- Author: Techloy
- Tags: / Startups, Tech in India

Indian startups raised $3 billion in the third quarter of 2022, ending September, down 57% from the second quarter and an 80% decrease year-over-year, according to market intelligence platform Tracxn.

"India is currently experiencing a funding slowdown which is expected to continue for the next 12-18 months and the effects of the funding slowdown are expected to intensify going forward," says Neha Singh, co-founder of Tracxn.

With about 334 funding rounds recorded in Q3 2022, down from 674 in the same quarter a year ago, according to the report, the Indian startup ecosystem, which appeared to be [the darling of VC funding](https://www.techloy.com/is-india-the-venture-capital-darling-of-the-asian-region/) in Asia, is now experiencing a major funding crunch.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2022/10/01B9D6CF-69D7-4773-8DF3-15D4B69A5A77.webp)

Chart: Tracxn