India startup funding slides 68% after Tiger and SoftBank make virtually no deals

Indian startups experienced a significant contraction in funding in the first half of 2023, revealing the knock-on effect of broader public market instability on young ventures in emerging regions.
The first six months of 2023 saw Indian startups raise a mere $5.46 billion, a substantial 68% decline from the $17.1 billion during the same timeframe in 2022, and a drop from $13.4 billion in H1 2021, as per data from market intelligence agency Tracxn shared with TechCrunch.
This year has thus far failed to yield any fresh unicorns in the Indian startup ecosystem, a stark contrast to the 18 new en

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