Startups need better business model to tide over funding woes: Experts

Startups need to come up with more economically sustainable business model and tighten their belts to tide over situation created by drop in funding amid global economies facing disruptions, opined players in the segment.

A PwC India report recently said that the Indian startup ecosystem reported the lowest six-month funding in the last four years in the first half of calender year (CY) 2023 at USD 3.8 billion across 298 deals — a decline of nearly 36 per cent as compared to H2 CY22 (USD 5.9 billion).