No thaw seen in start-up funding winter despite 231 deals this year

India-focused VCs sitting on dry powder worth $12.88 bn, highest in 7 years

Aryaman Gupta | New Delhi
Last Updated at March 22, 2023 23:19 IST

Photo: Pexels

For a segment that thrives on promise more than performance, the country’s start-up ecosystem is refusing to get carried away by the funding this calendar year. This has created the highest level of uninvested venture capital in seven years as investors wait for corrections in the working and — more importantly — valuation of start-ups while looking for cockroaches instead of unicorns.

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