Wednesday, March 22, 2023

VC funding for homegrown startups declined to $26 billion in ’22: Study – Usky News

New Delhi: VC (venture capital) funding for Indian startups has come down to $25. $38 to 7 billion in 2022. 5 billion in 2021 due to a global economic slowdown causing investors to go slow on capital deployment in new age firms. High cashburn consumer technology businesses see a 55% year-over-year decline in funding for this segment to less than $10 billion in 2022, according to a joint study published by . ban And Indian Enterprise And alternative capital consortium (IVCA).
Big-ticket deals above $100 million, for which startups often depend on outside funding, took a hit even as smaller-sized deals kept pace. The number of large-sized deals to come down from 92 in 2021 to 48 in 2022. Said.
Many love unicorn startups byju‘s, Unacademy, ShareChat, their ratings went up covid led High funding, laid off staff and took cost-saving measures as they struggled to raise more capital to fund their burn. Bain estimates that more than 20,000 startup employees may have lost their jobs last year. Drastic increases in interest rates by global central banks, in an effort to tame high inflation, raised the cost of capital, triggering a winter of funds.


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