India’s Share of VC Funding at 5-Year Low

India’s VC Funding Falls to Lowest Level Since 2019, Reaching $7.3B in 2023

India’s share of total global venture capital (VC) funding in 2023 fell to its lowest level since 2019, reaching only $7.3 billion. This represents a significant drop compared to the previous year, when funding hit $20.6 billion and accounted for 4.8 percent of the global figure. The decline in VC funding can be attributed to the struggles faced by most Indian startups in raising money without compromising on their earlier valuations.