According to CB Insights data, Indian startups raised a mere $2 billion in Q1 2023. This represents a 75% decrease from last year’s quarter and is the lowest quarterly figure in almost three years. This funding winter has taken a toll on investor sentiments, with early investors looking to exit, or at least trim, their stakes.
With a large portion of funding coming in from overseas investors, this also means that Indian startups need to diversify their funding base and look at local funding as well. However, despite this cautious approach, India’s investment opportunities remain attractive.
Titled ‘Creating a Vibrant Private Market In India’, the Conclave, the PE&VC Conclave, organised by the Bombay Chamber, will look at creating a conducive regulatory environment in the country to promote the private market, factors that drive private investments in India, debt vs equity dilution, among others.