Venture Capitalists News Hubb
Advertisement Banner
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
Venture Capitalists News Hubb
No Result
View All Result
Home Venture Capital Funding

FY23 ends on positive note; VC funding touches $1.4B in March

admin by admin
April 1, 2023
in Venture Capital Funding


The Indian startup ecosystem ended the financial year 2022-23 on a slightly positive note as the total venture funding into startups in the month of March, 2023 was the highest in the last quarter of the fiscal.

March, 2023 witnessed a total venture funding inflow of $1.4 billion. The corresponding amount for the month of February stood at $734 million, according to YourStory Research. In January, Indian startups received a total funding of $1.1 billion.

Venture funding in March 2023 saw a 52% decline compared to the same month last year, revealing the challenges of the ongoing funding winter.

Companies, including Lenskart, PhonePe, Mintifi, and Stashfin, raised $100 million and above in funding in March—a trend witnessed in the last three months where established startups have managed to raise significant capital.

In terms of stage-wise funding, late-stage startups received the highest funding amount in March at $825 million, followed by the early-stage segment at $301 million. Venture debt funding for the month stood at $157 million as startups are increasingly relying on the debt route to raise capital.

Surprisingly, startups in the Delhi-NCR region received the highest funding at $734 million, followed by Bengaluru at $283 million and Mumbai at $218 million.

Traditionally, Bengaluru occupies the number one position, given the city is regarded as the startup capital of India.

Top3 cities

In terms of sectors, ecommerce received $521 million in funding—the highest amoun, followed by fintech at $469 million.

Despite the uptick in venture funding, the startup ecosystem will continue to face challenges to raising capital as the overall macroeconomic situation remains volatile and uncertain.

The ongoing banking crisis in the US will only extend the funding winter, and startups will have to increase their focus on sustainability, which would mean controlling losses, aiming for profitability, and laying off some workforce to control the situation.

Meanwhile, the ecosystem saw unicorns like Digit Insurance and OYO revisiting their IPO plans amid market uncertainties.





Source link

Tags: funding winterJust InLenskartMonthly Funding AnalysisPhonePe
Previous Post

Arbitrum Foundation to Receive $1 Billion if Proposal Passes

Next Post

There’s Nothing Wrong With Web3 Gaming, Except Everything You’re Doing

Next Post

There’s Nothing Wrong With Web3 Gaming, Except Everything You’re Doing

Recommended

CCAvenue operator Infibeam receives RBI nod for payment aggregator license

7 months ago

Grayscale Blasts SEC’s ‘Illogical’ Denial of GBTC Conversion

5 months ago

How’s Venture Capital Changing in 2023

3 months ago

Stablecoins Are ‘Lowest-hanging Fruit’ for Crypto Regulation

8 months ago

Exploring Qualessence, the Emotion Coined by GPT-4

2 months ago

SaaS unicorn Zoho records profit of over Rs 2,700 Cr in FY22

4 months ago

© Venture CapitaLists News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

© 2022 Venture Capitalists News Hubb All rights reserved.