Due to growing macroeconomic uncertainty, private equity & venture capital (PE/VC) funding for Indian startups fell to a 63-month low in January. This downward trend may continue through at least the first quarter of 2023, according to a report in MoneyControl.
According to statistics given by Venture Intelligence with Moneycontrol, Indian entrepreneurs raised $630 million in January from PE/VC investors across 121 agreements, the least in terms of value since September 2017. According to the data, 39 deals totaling US $148.3 million were made by startups in September 2017.
Due to the uncertainties brought on by rapid inflation, rising international interest rates, the looming recession in the West, & the European war that has disrupted supply chains, investors have been reluctant to fund high-growth businesses, the report claimed.
