At $2.7 billion, startup funding in India at 2-year low in Q3: PwC India

Continuing the global slowdown in funding, start-up funding in India hit a two-year low at $2.7 billion in the third quarter of the current calendar year (Q3CY22) across 205 deals, according to a report released by PwC India.

The report titled ‘Startup Deals Tracker-Q3 CY22’ showed that while there was a decline in funding at all stages of the funding, the decline has been the least at the early stage. A deal usually has three stages, early, growth and late.

“It is tough to predict how long the slowdown in funding will last but clearly, both founders and investors are being more selective and cautious in deal-making,” Amit Nawka, partner of Deals & India Startups Leader, PwC India said.