Dip in India’s VC Funding for 2023
👀 Venture capital (VC) funding into Indian startups nosedived by 59% in the initial nine months of 2023, settling at just $8.2 billion, starkly contrasting the robust $19.8 billion from 2022’s equivalent period.
🌟The drop shadows the marked scarcity in hefty deal signings this year, with fintech gem PhonePe leading the pack, raising a cumulative $850 million. Zepto, meanwhile, stood as the singular unicorn entrant amidst the 2023 funding chill.
For a deeper dive into the numbers, the startling shift in the startup financing scene, and expert insights, head to the link below for a full scoop. 💬
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