VC funding for startups falls 63% to $9.6bn

Mar13,2024



Mumbai: venture capital investor It continued to carefully consider investment pitches and refrain from making aggressive funding bets amid a sluggish global macroeconomic environment last year. Indian Startup A report published by Bain & Company said that $9.6 billion was raised from VC funds in 2023, while funding of $25.7 billion was expected in 2022, a decline of about 63% year-on-year.
Even though the broader funding environment remained slow, investors joined the generic AI rush – funding for this segment grew from barely $15 million in 2022 to $250 million in 2023. Analysts expect growth in sectors such as B2C commerce and software and SaaS in the current year. Behind the structural tailwind.
“2023 has shown some green signals – investors have matured in terms of the sectors they invest in and startups are also gearing up to tighten their belts and run operations more efficiently,” Sai Dev, partner at Bain & Co, told TOI. Have matured in this matter.”



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