Funding Winter for Start-ups
A funding slowdown has hit start-ups across stages, whether it is growth-stage companies unable to raise new funding, or early-stage start-ups that have to settle for lower-than-expected valuations and fund sizes.
- According to the PwC India report, the total funding in the Indian start-up ecosystem fell by 40 per cent to $6.8 billion during Q2 CY22.
- Only four Indian start-ups entered the unicorn club in the quarter, in line with a global decline in the number of new unicorns that have emerged in this period.
- The report added that early-stage deals made up 61 percent of the total deal volumes in Q2 CY22.
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