• Late stage funding for startups is also set to drop 45 percent from $29.3 billion between January and November 2021 to $16.1 billion for the same period in 2022, according to a Traxon report.
Funding of Indian start-ups in India is set to decline by 35 per cent in 2022 year-to-date payroll (YTD) to $24.7 billion, compared to $37.2 billion in the same period last year, Business Standard has found market intelligence platform Tracxn. Quoting the report. December 8th.
According to the report, late stage funding for startups is also set to fall 45 percent from $29.3 billion between January and November 2021 to $16.1 billion for the same period in 2022.
The report shows that funding in Q3 2022 dropped by 58 percent compared to Q2 2022 and fell 79 percent compared to the peak of Q3 2021.
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“Though the last month has emerged as a ray of hope, it is too early to assume that the bottom is behind us. We need to wait for a quarter or two to see whether the momentum continues or not," BS quoted Trackxn co-founder and CEO Neha Singh as saying.
Talking about the details, Traxon said the top founder rounds accepted by firms in the last one year include - BUJU'S ($965 million, Series F), VerSe ($805 million, Series J), Swiggy ($700 million, Series J) ), Tata Passenger ($496 million, Series D) and Polygon ($450 million, Series E).
Furthermore, the report said that fintech, retail and enterprise applications were followed by 11 tech IPOs, naming the top performing sectors in 2022.
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