Indian startups experienced a 36% decline in funding in the first half of 2023 compared to the same period last year. To overcome funding challenges, experts suggest implementing a lean business model, exploring alternative financing options, and focusing on positive cash flows.
Led by Fireside Ventures, the round saw participation from new investors Bikaji and Neo Foods, along with existing investors 3one4 Capital, Zephyr Peacock, and Japanese conglomerate Sojitz Corporation.