VC funding for startups falls 63% to $9.6bn – Times of India

by The Technical Blogs


MUMBAI: Venture capital investors continued to weigh investment pitches carefully and refrained from making aggressive funding bets last year amid a tepid global macroeconomic environment. Indian startups pocketed $9.6 billion from VC funds in 2023, as against $25.7 billion in funding in 2022, translating into a year-on-year decline of about 63%, a report published by Bain & Company said.
Even as the broader funding environment remained subdued, investors joined the generative AI rush – funding for the segment soared to $250 million in 2023 from barely $15 million in 2022. In the current year, analysts expect sectors like B2C commerce and software & SaaS to rebound on the back of structural tailwinds.
“2023 has shown some green shoots – Investors have matured in terms of sectors they invest in and startups have also matured in terms of tightening their belts and running operations more efficiently,” Sai Deo, partner at Bain & Company told TOI.


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