The Hindu Business Line | 4 January 2023
After the euphoria of 2021, 2022 was the year of caution for both start-ups and venture capital firms, as funding dried for start-ups globally. With the funding winter expected to continue for another 6-12 months, investors anticipate 2023 to be a year of temperance, with a higher focus on sustainable business models and stronger corporate governance.
Indian start-ups raised a total of $25.9 billion funding in 2022 across 2,001 funding rounds (as of December 4), which is 37 per cent lower than the $40.8 billion raised across 2,811 funding rounds in 2021, according to Tracxn’s annual funding tracker for India Tech 2022. India saw 23 new unicorns (valuation over $1 billion) in 2022, even as late-stage tech companies saw valuations drop by almost 40 per cent. This is almost 50 per cent less than the 46 unicorns minted in 2021