India's Tech Sector Report: Q3 2023 Becomes Least Funded ... - Entrepreneur

According to a report by market intelligence platform Tracxn, India's tech funding saw a decline in Q3 2023, making it the least funded quarter in the last five years. Total funding dropped by 29% from the previous quarter and 54% compared to Q3 2022. Late-stage rounds decreased by 33%, while early-stage and seed-stage funding plummeted by 74% and 75%, respectively. The report also highlights the top-performing sectors in Q3 2023: Enterprise Applications, Fintech, and Transportation and Logistics Tech. Bengaluru leads in total funds raised, followed by Mumbai and Noida.

Source: Link