H1 CY23 Sees Lowest Indian Startup Investment in Four Years: PwC India Survey

  • Indian startups experienced the lowest six-month funding in four years (H1 CY23), with USD 3.8 billion secured over 298 deals.
  • 57% of total funding was from early-stage deals, while growth and late-stage deals contributed 84% funding value: fintech, SAAS, and D2C leading sectors.
  • M&A activity remained unchanged from H2 CY22 with 80 deals, majority were domestic; top sectors for M&A were SaaS, Fintech, and D2C.
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