Startup deal volume in India plunged to a near nine-year low in February, underscoring a worsening funding winter in the startup ecosystem.
Just one startup received funding every 10 hours during the month, compared with the peak just about a year ago when it happened every three hours, showed data collated by VCCEdge, the data research platform of VCCircle.
Between 100 and 150 startups on average received angel investments and venture capital funding every month over the last eight calendar years.
In 2022, even as investors tightened their purse strings after the public market re-rating of technology companies in the West, on average, more than 120 ventures received funding every month.
Diese Geschichte stammt aus der March 20, 2023-Ausgabe von Mint Mumbai.
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