Funding winter persists: Indian start-ups suffer in 2023's first half
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The funding winter that arrived last year in India is still here. It has only become worse over the past few months. In the first seven months of 2023, start-up funding in the country fell by 77% compared to the same period last year. According to Venture Intelligence, start-ups received $4.4 billion in PE/VC funding compared to $19.3 billion a year ago.