According to Inc42, fintech, ecommerce and enterprise tech sectors accounted for more than two-thirds of the total funding raised by Indian startups in 2023
Deeptech emerged as the dark horse of the year that was otherwise infested with dying investor trust as funding was up 50% YoY
Sectors like edtech, media and entertainment, and consumer services also saw a severe year-on-year funding decline in 2023
Standing on the precipice of 2023, we took note of some of the most concerning funding trends in the world’s third-largest startup ecosystem.
According to Inc42’s annual ‘Indian Tech Startup Funding Report 2023’, Indian startups secured just over $10 Bn in funding until December 25 this year, down 60% compared to the $25 Bn raised in 2022.