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Indian startups’ H1 funding fell to its lowest in 4 years

Investment in indian startup companies has increased rapidly in the last few years. Many industrialists and firms of the country and the world have given funding to the young entrepreneur, but this investment has fallen by 36 percent to $ 3.8 billion in the first half of 2023. As per the PwC india report, investors are taking more time in due diligence on every aspect of the business.The report ‘Startup Perspectives – H1 2023’ states that in terms of volume, 57 per cent of total investments in the first half of calendar year 2023 were in the form of early-stage deals. In terms of value, early-stage deals accounted for about 16 per cent of the total investment in the first half of 2023, but this is the lowest level when compared to last year.

Highest investment in fintech and IT startups
It said, “The lowest investment in the indian startup ecosystem in the last 4 years was in the first half of the calendar year 2023. During this period, the investment figure was $ 3.8 billion for 298 deals, which is about 36 percent less than $ 5.9 billion in the first half of 2022. The sectors that received maximum investment in January-June 2023 were Financial technology, software Services (SaaS), D2C.As per the report, despite challenging market conditions during the last few quarters, investors have shown strong support for their portfolio companies by doubling their investments in positive growth companies.

According to a PwC india report, Bengaluru, Delhi-NCR and mumbai continue to be India’s leading start-up cities, representing around 83 per cent of total start-up funding activity in the first half of CY23. Let us tell you that in the last 10 years, the startup culture in india has grown rapidly, especially in the fintech, e-commerce and technology sectors, many startups have emerged. These include many names including PhonePe, Mobikwik, Snapdeal. PTI

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