BENGALURU:
Indian startups
are facing a funding winter. Total funding touched a two year low in the September quarter, at $2.7 billion, across 205 deals, says a
PwC India
study.
The decline was the least in early-stagedeals, which contributed around 21% of the total funding by value in the quarter, compared to approximately 12% in the June quarter.
Amit Nawka, partner, deals and India startups leader in PwC India, said, “It is tough to predict how long the slowdown in funding will last but clearly, both founders and investors are being more selective and cautious in deal-making. I
