CHART: Indian Agritech Startups Experienced a 45% Funding Decline from FY22 to FY23
The global funding winter has cast its shadow on India's investment landscape. Despite a flourishing FY22, where global agri-tech startup investments soared to unprecedented levels, FY23 has ushered in a correction – mainly due to global interest rate hikes and a surge in investor caution, fostering a more measured investment climate.
India's agri-tech sector, mirroring this global trend, experienced a remarkable investment boom in FY22, marking its most successful year with substantial venture capital funding, amassing a total of $1.279 billion. However, FY23 brought a stark reversal, aligning itself with the broader global decline in agri-tech investments.
