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India has experienced a surge in startups and funding, with over 16,000 new tech companies added in 2020. Despite funding obstacles, investment firms have shown confidence in Indian startups, with a total funding of $8.4 billion in 2023.
Even though funding dropped in 2023, some of the larger companies with cash reserves were able to acquire struggling products and companies at reasonable prices
India has emerged as the third largest ecosystem for startups globally with over 116,679 recognized ventures across the country. However, startup funding in India has declined to a five-year low figure in 2023.