Startup funding has been drying up of late. The total global venture funding in 2022 reached USD 445 billion, witnessing a decline of 35 per cent in comparison
Based on the startup tracking platform Tracxn, a total of USD 1.1 billion went into startups in South Asia in the first quarter of 2023, which is 69 per cent lower than the same quarter last year and down 42 per cent in comparison to Q4-2022, , Global Venture Funding, startup funding
According to data from Crunchbase, total global venture funding started to fall in Q1 2022 from its peak of around USD187 billion in the last quarter of 2021. To be fair, 2021 was a unique year for various reasons (explained later in this article) and is not likely to be repeated any time soon.