Indian companies, once prospering, are in for more suffering as the funding shortage gets worse

Indian companies, once prospering, are in for more suffering as the funding shortage gets worse.

As investors adjust to stretched valuations and failing consumption growth.

[{"selector":"#anim-4a41038f-88ee-4f98-9755-5e7e71d80ca4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Startups in India raised just $2 billion in the first quarter of 2023.

[{"selector":"#anim-98e7bcd6-f16a-4b71-95e7-3d95c5a83f23 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Startups are negatively impacted by the slowdown.

[{"selector":"#anim-3186d7f8-c84a-4b04-81f5-3e3cfb753366 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]