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Indian startups saw 48% decline in funding in November: Report
Indian startups may take more time to recover from the so-called ‘funding winter’ as investment in homegrown companies again saw a sharp decline in November. A clutch of late-stage deals including a pre-IPO round pushed the total funding to more than $640 million. Data compiled by TheKredible shows that 102 startups raised $643.6 million in November as compared to $1.24 billion in the previous month (October). This is a 48% month-on-month decline in terms of amount raised. This includes 12 growth stage deals worth $395.1 million and 70 early stage deals worth $248.5 million. As many as 20 startups did not disclose their transaction details.
#monthlyfundingreport #report #entrackr #fintrackr #news #indianstartups #startups #startupnews
https://entrackr.com/2023/12/i....ndian-startups-saw-4
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