The Indian startup ecosystem continued to grapple with a funding slowdown in 2023. The funding during the year hit a five-year low of $7 billion, taking India’s global ranking from third to the fourth place. The funding has declined across all stages, with late-stage funding witnessing the biggest drop of 73% to $4.2 billion in 2023 so far.
2023 review: How funding winter continued for Indian startups comes via ChinaTechNews.com.