At $2.7 billion, startup funding in India at 2-year low in Q3: PwC India

The startup funding activity declined to $2.7 billion in Q3CY22 from $6.6 billion in Q2CY22

Continuing the global slowdown in funding, start-up funding in India hit a two-year low at $2.7 billion in the third quarter of the current calendar year (Q3CY22) across 205 deals, according to a report released by PwC India.

The report titled 'Startup Deals Tracker-Q3 CY22' showed that while there was a decline in funding at all stages of the funding, the decline has been the least at the early stage. A deal usually has three stages, early, growth and late.

"It is tough to predict how long the slowdown in funding will last but clearly, both founders and investors are