Indian Startups

Funding reductions spanned all stages: late-stage saw a 73% dip, followed by early-stage (70%) and seed-stage (60%).

“With ValuAble, we don’t want to be just lenders; we want to be partners in the entrepreneurial journey of different startups. Our core philosophy is to be enablers for businesses, providing them with the necessary resources, mentorship, and tools to not only secure capital but also to foster sustainable growth,” said Gupta, Founder and Managing Partner at ValuAble.

Overall, there was a 39 per cent decrease in the number of deals and a 68 per cent decrease in their total values, according to Grant Thornton Bharat's ‘Q3 Deal tracker Report.’

Data compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join a new firm or continue in the same company in a different role.

According to the venture capital firm Elevation Capital, the performance of employees continued to hold 50 per cent of the weightage on salary increments while taking on additional responsibilities and receiving a promotion factored in about 20 per cent.

"The increasing cost of capital and interest rates, recession in developed markets, a decline in the value of tech stocks, and the slowdown in consumer internet growth have all been challenges for sustained funding," said Mohit Rana, partner at Redseer. There are about 100 unicorns and less than 400 public companies with a market cap of more than $1 billion in the country. 

In his address at the JIIF 6th Foundation Day and Investors/Startup Conclave in Hyderabad, IT Rajeev Chandrasekhar highlighted India's remarkable progress in building unicorns and startups