Startup funding in India fell 62% to six-year-low in 2023: PrivateCircle

The startup funding in India fell over 62 per cent in 2023 to Rs 66,908 crore as compared to Rs 1,80,000 crore in 2022, a report released by market intelligence platform PrivateCircle Research on Tuesday said. These are the lowest funding numbers since 2018 when the startups in India raised Rs 1,00,930 crore.

The highest funding was gathered in 2021 at Rs 2,41,787 crore.

The data in the report titled “Startup Deals Report 2023” also showed that the funding deal volume fell by a sharper 72 per cent in 2023 to 1,444 deals as compared to 5,114 deals in 2022. This is also the lowest number since 2018, when the total number of deals was 4,122.