VC investment in India dips 74% to $2.4 bn in Q1: GlobalData

The venture capital (VC) funding in India fell 74 percent to $2.4 billion during the first quarter of 2023, reveals GlobalData.
VC funding for techVC deals in India declined 48.7 percent to 287 in Q1 2023.

India accounted for 5.3 percent of the number of VC deals announced globally during Q1 2023 while its share of the deal value stood at 3.6 percent.

Some of the notable VC funding deals announced in India in Q1 2023 include $250 million fundraising by Physicswallah, $200 million funding secured by PhonePe and $120 million fundraising by KreditBee.

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