H1 2023 saw only three deals above US$100 million in Bangalore startups, totaling US$374 million compared to 21 deals totalling US$5.3 billion in the year-before periodÂ
VCs are supposed to be ruthless in pursuit of excellence. However, VC culture now appears more focused on creating demigods out of founders, often at the expense of the company s long-term health and prosperity. Founders are integral to the birth and growth of innovative companies.
Despite the funding winter in the space, startups continued to attract the largest share of private equity capital, which in absolute terms was a steep 69 per cent decline year-on-year.