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More startups are expected to turn profitable in the coming months, said investors and analysts. After a record funding of $42 billion that startups attracted in 2021, investments into startups declined to a seven-year low of $8.2 billion in 2023. Late-stage or bigger startups bore the brunt of this decline, with funding having dropped to $4.2 billion during the year from over $15 billion in 2022, estimates shared by market research firm Tracxn showed. ....
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn. ....
TRIPP Recognized as one of the Leading Virtual Reality Startups by Tracxn Emerging Awards webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
Venture capital firm Elevation Capital has again pressed the exit button on a portfolio bet, in the process divesting over four-fifth of its stake and .. ....
OfScales maiden funding round saw investments from Matrix Partners India DeVC and Relentless Ventures. The company is assisting D2C brands, like Arata, Wishcare and Paradyes establish their offline footprint. ....