Dry Spell Reigns: Only 64 Funds Worth $5.6 Bn+ Launched In The Year Of Extended Funding Winter

Dry Spell Reigns: Only 64 Funds Worth $5.6 Bn+ Launched In The Year Of Extended Funding Winter

SUMMARY

In 2022, the world’s third-largest startup ecosystem saw the launch of 126 funds worth over $18 Bn

In 2023, investors launched 31 early stage funds with a corpus of $1.8 Bn, while growth-late stage funds saw 16 launches amounting to $2.3 Bn

Imperative to mention that compared to 2021 and 2022, total funding in 2023 declined by $32 Bn and $15 Bn, respectively, to stand at $10 Bn as of December 25

Marked by a confluence of economic downturn and funding constraints, the year 2023 has proven to be a challenging one for the Indian startup ecosystem on many fronts. Even late and growth stage ventures bore the brunt of the funding crunch, with new fund launches by venture capital firms decreasing both in total value and the number of fresh funds.

Imperative to mention that compared to 2021 and 2022, total funding in 2023 declined by $32 Bn and $15 Bn, respectively, to stand at $10 Bn as of December 25.

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