Indian startups experience funding crunch in H1 2023, no new unicorns

  • The funding included 96 late-stage deals worth $4.48 billion and 417 early-stage deals worth $1.54 billion, with no unicorns for the first six months of 2023.
  • The majority of the funding took place in Bengaluru, where startups raised nearly $3 billion; the top-funded sectors were fintech and e-commerce, with fintech startups raising over $2 billion in total.
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