Katya Naidu27 Sep 2023, 17:46
Indian startup funding hit a five-year low in the third quarter of the calendar year, says a report by Tracxn. Startups raised $1.5 billion in Q3 – shrunk by almost a third on a when compared to the previous quarter, and halved year-on-year. Early-stage and seed-stage funding plummeted by 74% and 75% respectively, on a YoY basis. Late-stage rounds, in comparison, witnessed a 33% reduction.