Startup Funding In Delhi NCR Tanks 51% In 2023, Dips Below 2017 Levels

Startup Funding In Delhi NCR Tanks 51% In 2023, Dips Below 2017 Levels

SUMMARY

Startup funding in Delhi NCR declined to $2.7 Bn from $5.5 Bn in 2022 and hovered near 2016 levels

In 2023, Delhi NCR saw six mega deals, including ecommerce unicorn Lenskart’s $600 Mn two mega deals

Within the Delhi NCR region, investor interest was found predominantly focussed on six sectors in 2023 — ecommerce, fintech, enterprise tech, consumer services, edtech, and logistics

Startup funding in the Delhi NCR region, the second-highest funded startup hub, fell to a seven-year low of $2.7 Bn in 2023.

According to Inc42’s latest “Indian Tech Startup Funding Report 2023”, startup funding in Delhi NCR declined 51% year-on-year (YoY) to $2.7 Bn from $5.5 Bn in 2022.

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