Indian Tech Startup Funding Report Q3 2023

A majority of Indian startup investors (approx 56%) surveyed by Inc42, anticipate that total investment in startups for 2023 will…

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Indian Tech Startup Funding Report Q3 2023

Quoted & Trusted By

the economist
business insider
cb insights
the huffington post
the economic times
live mint
the times of india

Key Highlights

$1.7 Bn+

Total Funding Raised


Year-on-Year Decline In Funding Amount


Investors Participated


New Unicorn Added

$24 Mn+

Raised By Women-Led Startups


Mergers and acquisitions

Table Of Contents

  • India’s Digital Economy
  • State Of Startup Economy
  • Startup Investment Highlights [Q3 2023]
  • Indian Startup Funding Overview
  • 2021 Vs 2022 Vs 2023: A Comparison
  • 2023: Monthly Funding Trends
  • Quarterly Funding Trends
  • Top 10 Biggest Indian Startup Funding Rounds
  • The Fall Of Mega Deals & Median Ticket Size
  • Top Sectors & Hubs [Q3 2023]
  • Early To Late Stage Funding Trends
  • Women-Led Startups: Funding Trends
  • Startup M&A Trends
  • Investor Participation Trends
  • Top Sectors: Investors’ Choice
  • Most Active Indian Startup Investors In Q3 2023
  • Startup Fund Launches [2023]


Investor caution towards significant investments in burgeoning startups resulted in a scarcity of mega deals (those valued at $100 Mn or more). In the initial nine months of 2023, a mere 17 such transactions were recorded, a stark contrast to the 68 in 2021 and 53 in 2022. This trend, alongside an intensified focus on profitability, has extended the market correction in the startup sector. Despite facing challenges, including smaller investments and corporate governance issues, investor confidence in startups has been on the rise in recent months. Securing funding continues to be a daunting task for both investors and founders, but prospects appear to be improving for the upcoming two quarters. There is growing anticipation around more startups making their public debut, a development that could potentially attract additional capital for late-stage companies.

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