Indian Tech Startup Funding Report Q1 2023
The Indian startup ecosystem has been a hub of innovation and investment, attracting significant capital infusion from both domestic and international investors and garnering global attention in recent years.
However, the first quarter of 2023 witnessed a sharp decline in investments, with total capital raised dropping by a staggering 75% compared to Q1 2022.
Despite this setback, Indian startups were still able to raise a substantial $3 Bn in Q1 2023, which is consistent with the $3 Bn range recorded in the previous two quarters (Q4 & Q3 2022).
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Key Highlights
$3 Bn
Total Funding In Q1 2023
77%
Year-On-Year Decrease In Mega Deal Count
Zero
The Number Of Unicorns Minted In Q1 2023
84%
Of Indian VCs Voted High Difficulty In Raising Growth-Stage Capital