According to a study by NASSCOM, funding in startups has dropped by 17 per cent on quarter-on-quarter (Q-o-Q) basis to $6 billion (about Rs 478 billion) in the April-June 2022 period. The study further asserted that the deals also dropped by about 17 per cent on the account of dampened market sentiments but despite reduction in deal value, funding in growth stage continued to increase.
Providing further details regarding the transactions, the study noted that 16 large ticket size deals helped generate a total funding of $6 billion in the second quarter (Q2) of calendar year (CY) 2022. Meanwhile, the study also noted that the startup ecosystem witnessed the birth of 4 new unicorns in Q2 CY22, taking the tally to 20 unicorns in the first half. However, out of the total funding, around 26 per cent were allotted to fintech segment.
The further noted that 52 per cent funding was in the ticket size of $100 million or above with Dailyhunt and ShareChat raising big rounds. Besides, growth stage deals contributed 58 per cent of the total funding during the reported quarter as the investors backed startups have already reached a certain scale, the report said.
