Indian startups' funding plunge 35% to $24.7 billion in 2022: Report
- According to the Tracxn report, the late stage funding for startups also plunged by 45 per cent from $29.3 billion between January and November 2021 to $16.1 billion for the same period in 2022.
The Indian start-ups' funding in India has dropped by 35 per cent to $24.7 billion in 2022 year-to-date payroll (YTD) in comparison to $37.2 billion in the same period last year, Business Standard quoted market intelligence platform Tracxn report on 8 December.
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