However, since early 2022, a funding winter has set in globally due to several macroeconomic and geopolitical issues, including the Russia-Ukraine war, post-pandemic cooling of digital economy, high inflation rates, and resultant interest rate hikes across geographies. And as recently as a few weeks ago, the demise of SVB has brought further macroeconomic uncertainty.
These have impacted the Indian startup ecosystem heavily, and investment dropped by over a third in 2022, to about $26 billion as per Tracxn. Late-stage investors have especially pulled back with nearly a 45% drop, with large funds like Tiger and Softbank putting a freeze on India investments. Thousands of employees in tech companies have lost their jobs amidst massive layoffs recently. And the winter isn't abating yet, with a recovery expected only after the end of this year.
Denne historien er fra May 2023-utgaven av Entrepreneur magazine.
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Denne historien er fra May 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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