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    QONEQT in News

    22-Oct-2022 11:43 AM


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    VC funding to Indian start-ups drops to lowest level since Q1 2020: Report

    Flow of venture capital money into Indian start-up ecosystem has hit the lowest level since early 2020 when pandemic-induced lockdowns slowed down start-up funding like never before.

    Start-ups in India received $2.9 billion of VC money in the July-September quarter, marking a 66 per cent decrease from the second quarter of 2022 and an alarming 81 per cent drop from the same quarter last year, reveals a new report by start-up and VC data platform Crunchbase.
    Late-stage funding saw an 89 per cent decline in Q3 compared to the same quarter last year.

    However, there is a silver lining for the industry.
    A combination of global macro events including geopolitical crisis, changing monetary policies, soaring inflation across the globe, and the public market turmoil has led to an increased focus on strong unit economics and the path to profitability.
    Source: BusinessToday
    #VC #startups