Indian startup funding went down by 33%, may become normal after 2-3 quarters: Reports
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According to a report, funding for Indian startups in FY22 dropped nearly 33 per cent to $24 billion in comparison to FY21, but was more than twice the amount raised in the two previous financial years, i.e. 2020 and 2019. In terms of volumes, early-stage deals accounted for 60–62 per cent of the total funding in FY21 and FY22. The average ticket size was $4 million per deal, according to the PwC India report.