Hindustan Times | 30 December 2022
NEW DELHI: Indian startups faced a challenging year, with 2,404 of them shuttering in 2022, more than double the 1,012 that had shut shop in the previous year, according to data from Traxcn.
About 266 startups that shut down this year were funded by venture capital, angel investors, family offices or institutional investors. The companies had raised close to $290 million, the data showed.