CHART: The State of Indian Startup Funding [2022 vs 2023]
April was a tough month for Indian startups as they struggled to surpass the $1 billion mark in funding. The month was marked by a gloomy atmosphere of layoffs and a lack of large rounds, with only a couple of late-stage companies managing to contribute to more than half of
![CHART: The State of Indian Startup Funding [2022 vs 2023]](https://images.unsplash.com/photo-1532375810709-75b1da00537c?crop=entropy&cs=tinysrgb&fit=max&fm=webp&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDV8fGluZGlhbiUyMHN0YXJ0dXBzfGVufDB8fHx8MTY4MzI5NTYxOQ&ixlib=rb-4.0.3&q=80&w=2400)
April was a tough month for Indian startups as they struggled to surpass the $1 billion mark in funding. The month was marked by a gloomy atmosphere of layoffs and a lack of large rounds, with only a couple of late-stage companies managing to contribute to more than half of the total funding.
The data compiled by Fintrackr paints a bleak picture, as the Techloy chart below shows, with 75 startups managing to raise only $990 million, a sharp 24% decline from the previous month's $1.3 billion and a whopping 61% year-on-year from April 2022.
