India's startup ecosystem continues to face a funding winter, with startups in India raising $6.9 billion across 1,013 VC funding deals during January-November 2023. This reflects a 65.8% drop in value compared to the previous year. GlobalData's report also highlights the decline in the US startup ecosystem, which saw 6,307 VC deals worth $104.5 billion during the same period. India accounted for 5.5% of global VC funding deals and 3.1% of disclosed deal value. Despite the funding challenges, startups in India remain attractive to VC firms.