ET Startup Awards 2022: A moment of truth awaits Indian startups

The Indian startup ecosystem is feeling the reverberations of the global tech turbulence wrought by inflationary pressures and high interest rates, which have pummelled technology stocks since the start of the year.
Investor skittishness has been reflected in private capital inflow as well, with funding for Indian startups falling to $2.7 billion in the quarter ended September 30 from nearly $12 billion during the same period last year, according to data and analysis provider Venture Intelligence.