In Chennai, Private equity (PE) and venture capital (VC) investments fell over 63% year on year (YoY) in January this year as the funding winter dragged on amid the layoffs season at tech startups.
PE/VC funding in startups in India dropped 60% in Jan-Mar: Report. Private equity and venture capital funding in the startups in India fell 60.5% in the first three months of 2023 to $6.64 billion from $16.8 billion a year earlier, Money control reported citing Tracxn data.
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