Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Indian startups raised $3 billion in Q3 2022, down 57%

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

Techloy profile image
by Techloy
Indian startups raised $3 billion in Q3 2022, down 57%
Photo by Ishant Mishra / Unsplash

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 in Asia, is now experiencing a major funding crunch.

Chart: Tracxn
Techloy profile image
by Techloy

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More