Startup funding dips by 35% to $24.7 bn in 2022 YTD: Tracxn report

Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022

Funding in Indian start-ups dropped 35% to $24.7 billion in 2022 YTD from $37.2 billion in the same period last year, primarily brought about by a significant decline in late-stage funding, according to a report by market intelligence platform Tracxn.

Late-stage funding fell by 45% from $29.3 billion between January and November 2021 to $16.1 billion for the same period in 2022.

Funding in Q3 2022 dropped 58% compared to Q2 2022 and dropped by 79% compared to the peak of Q3 2021. “Although last month has emerged as a ray of hope, it