In
the third quarter of the calendar year 2023, startups in India secured ~US$
3.1B across 243 deals, spanning from seed to late-stage investment. While India
has increasingly garnered attention as an attractive destination for
growth-stage investments, recent quarters have exhibited a noticeable decline
in funding.
Our
India Deal Pulse Report Q3 CY23 complied using Pulse product aims to uncover
some key trends during the third quarter of 2023. Early-stage deal volume
increased to ~84% from ~73% as investors shifted their focus towards smaller
investments in early-stage companies.
SaaS
and AI was the most attractive sector for both early-stage investments and
growth-stage investments with ~US$ 234M and ~US$ 229M funding respectively.