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Funding to Indian startups plummets 70% in 2023, lowest in 7 years; but December kindles recovery hopes - Vimarsana News

Funding to Indian startups plummets 70% in 2023, lowest in 7 years; but December kindles recovery hopes

In December 2023, startups breathed a sigh of relief amid better investment numbers compared to the last three months. The month recorded $1,027 million in funding in 48 deals closed, which surprisingly was better than last year's $961 million in the same month in about 57 funding deals.