Indian start-ups see lowest funding in four years in H1 2023; SaaS tops the charts - Business Today

The Indian start-up ecosystem experienced a significant decline in funding during the first half of 2023, reaching a four-year low. According to a report from PwC India, there were 298 deals that raised $3.8 billion, a 36% decrease from the previous half-year period. SaaS, D2C, fintech, e-commerce B2B, and logistics were the top five sectors in terms of investments, accounting for approximately 89% of total funding. Edtech was one of the most adversely affected sectors, with a 91% decrease in deal value. The report suggests that investment activity is expected to pick up in the coming months, as VC firms have secured new funds.

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