NEW DELHI -- Amid a tough fundraising environment and overall macroeconomic uncertainties, investments in Indian startups hit a 13-quarter low at $2.23 billion in the third quarter, according to data from India Deal Review: Q3 2023, the latest report from DealStreetAsia's Data Vantage.
Funding shrank almost 30% compared with the second quarter, when startups amassed $3.22 billion across 249 transactions triggered by a slew of factors including worldwide tightening of monetary policy, rising inflation and economic slowdown. The volume of deals, 209, was also down 16% from the previous quarter.
