In New Delhi on March 29, Total funding into health-tech companies in India plunged 55 percent (year-on-year) to $1.4 billion last year, a report showed on Wednesday.
The drop is majorly due to a massive decline in late-stage investments from $2.4 billion in 2021 to $606 million in 2022, a drop of 75 percent, according to data from Tracxn, a global SaaS-based market intelligence platform.
Seed-stage funding also fell 52 percent YoY to $75.2 million in 2022. However, early-stage funding rose 26 percent to $743 million in 2022.
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