During the first week of March, venture funding in Indian startups amounted to only $58 million, with 17 transactions. This is significantly lower compared to the previous week's total venture funding of $221 million.
Growth/late-stage transactions
The Indian startup ecosystem is facing a continuous series of bad news, as the first week of March has witnessed a significant decline of 74% in venture funding. In this period, only 17 transactions took place, with a total funding of $58 million, compared to the previous week's $221 million.
Deals by City and Segment
The decline in venture funding in the Indian startup ecosystem is expected to test the resilience of startup founders as caution among investors is resulting in a constrained fund flow. However, good entrepreneurs are likely to continue to receive funding, and only the early-stage category of funding is seeing traction in the current environment.
Top-3 Startups Funded
|
Sl No. |
Startup Name |
Segment |
Amount Raised (USD) |
|
1 |
Spotdraft |
Automation |
26 |
|
2 |
Betterhalf |
Software |
8.5 |
|
3 |
Evera |
EV |
7 |
Amidst the current negative scenario, there is some positive news for the Indian startup ecosystem as venture capital firms such as B Capital and Nexus Venture Partners have announced new fundraises for investing in Indian startups. This development provides hope for a brighter future.
