Venture capital funds to startups drop 66% to $6.9 billion in January-November
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.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
