👀 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. 💬

Source of news

https://yourstory.com/2023/10/vc-funding-declines-59-9-months-2023/