Funding for the Indian startups in the first quarter of the calendar year 2023 fell 75 per cent to $2.8 billion as compared to the same period in the previous year, a report by Tracxn said.
There were no new unicorns created in the January-March period, compared with 14 unicorns in Q1 2022, according to the report by Tracxn, a leading global market intelligence platform.