Indian startup funding at five-year low in Q3: Tracxn

Funding challenges continue for Indian tech startups with the third quarter (Q3) of 2023 (ended September 26) the least funded period in the past five years, data from the market intelligence firm Tracxn showed.

Following a surge in startup funding during Q4 2022, there have been consecutive declines in funding in the subsequent three quarters. The third quarter saw startups raising a total of $1.5 billion, marking a 29% drop sequentially and a 54% crash from a year ago.