Funds Worth $3.6 Bn+ Announced For Startups In 2023; Here’s The Full List

31 Jul'23 | By Gargi Sarkar & Hemant Kashyap

VC, CVCs and PE investors have announced 40 funds worth more than $3.6 Bn so far this year to support Indian startups at various stages

Around 65% of the funds, investment corpus and plans announced in the first four months of 2023 focussed on early-stage startups

In our effort to provide startups with up-to-date information on funding resources, we will continuously update this article with the latest venture funds, their sizes, sectors of focus, and other details

The financial year 2023 (April 2022 to March 2023) remained tough for Indian startups in terms of overall funding. Despite sitting on dry powder worth more than $18 Bn by the end of December 2022, investors practised caution, resulting in a more than 75% YoY decline in funding in the first quarter of the year 2023 (between January and March). What could be seen as a ray of hope, the funding raised by the startup ecosystem in India increased 15% month-on-month (MoM) in May to $1 Bn. In compari