According to the Tracxn report, the late stage funding for startups also plunged by 45% from $29.3 billion between January and November 2021 to $16.1 billion for the same period in 2022, which has dropped by 79% compared to the peak of Q3 2021. “Although last month has emerged as a ray of hope, it is still too early to assume that the bottom is behind us. We need to wait one or two quarters to see if the momentum continues,” said the expert from Tracxn.
The report shows the funding in Q3 2022 declined 58% in comparison to Q2 2022 and fell by 79% compared to the peak of Q3 2021. Tracxn said that in past one year the top funding rounds cleared by firms include -- BYJU'S ($965 million, Series F), VerSe ($805 million, Series J), Swiggy ($700 million, Series J), Tata Passenger ($496 million, Series D) and Polygon ($450 million, Series E).
At the same time, there were reports that Big Tech hirings in India is down by 95% from usual volume. The report says, FAANMG hiring in India is declining 95% from peak. Global tech companies such as Google, Facebook, Apple, Microsoft, Amazon, and Netflix are down by nearly 95% compared to typical active hiring volume in India - specialist staffing firm Xpheno said. There are active job postings of less than 2,000 jobs at present, the agency added. The active openings fell from 9,000 in July-August to 4,000 in mid-October.
Job postings by these firms decreased by 70% in the last quarter itself, and further by 95% compared to peak active job postings. The current hiring action is nearly a total pause amidst the macro-economic developments. Experts say that the next US Federal Reserve rate hike will amplify the recession.
Startups now call it ‘the funding winter’. The tech sector, a major beneficiary of this cheap liquidity during pandemic is the worst hit as money flow was reduced.
Today's Headline in NewsHours
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2:50 #Gmail outage affected millions of users worldwi.
According to the Tracxn report, the late stage funding for startups also plunged by 45% from $29.3 billion between January and November 2021 to $16.1 billion for the same period in 2022, which has dropped by 79% compared to the peak of Q3 2021. “Although last month has emerged as a ray of hope, it is still too early to assume that the bottom is behind us. We need to wait one or two quarters to see if the momentum continues,” said the expert from Tracxn.
The report shows the funding in Q3 2022 declined 58% in comparison to Q2 2022 and fell by 79% compared to the peak of Q3 2021. Tracxn said that in past one year the top funding rounds cleared by firms include -- BYJU'S ($965 million, Series F), VerSe ($805 million, Series J), Swiggy ($700 million, Series J), Tata Passenger ($496 million, Series D) and Polygon ($450 million, Series E).
At the same time, there were reports that Big Tech hirings in India is down by 95% from usual volume. The report says, FAANMG hiring in India is declining 95% from peak. Global tech companies such as Google, Facebook, Apple, Microsoft, Amazon, and Netflix are down by nearly 95% compared to typical active hiring volume in India - specialist staffing firm Xpheno said. There are active job postings of less than 2,000 jobs at present, the agency added. The active openings fell from 9,000 in July-August to 4,000 in mid-October.
Job postings by these firms decreased by 70% in the last quarter itself, and further by 95% compared to peak active job postings. The current hiring action is nearly a total pause amidst the macro-economic developments. Experts say that the next US Federal Reserve rate hike will amplify the recession.
Startups now call it ‘the funding winter’. The tech sector, a major beneficiary of this cheap liquidity during pandemic is the worst hit as money flow was reduced.
Today's Headline in NewsHours
0:00 Intro
2:50 #Gmail outage affected millions of users worldwi
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The funding winter faced by capital-starved Indian startups seems to be ending. But the money is not coming from typical big venture capitalists. Instead, a raft of new early-stage investors are emerging, who feel that entrepreneurs have matured and are willing to wait and make businesses meatier. So, is this the start of an Indian summer? Read the full story in ET Magazine, this Sunday (April 08).
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Watch How a raft of new VCs are ending the chill in Indian startup funding | ETMagazine With HD Quality
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Madhya Pradesh Startup Conclave: Funding
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#startups #smallbusiness #entrepreneurship #goals #startupbusiness
Mahavir Pratap Sharma chairman RAIN (Rajasthan Angel Innovators Network ) and TIE (The Indus Entrepreneurs ) India Angels | Funding for startups in India | What investors look for? | Watch this before meeting investors
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जानिए स्टार्टअप PITCH में निवेशक क्या देखते है, महावीर प्रताप शर्मा द्वारा Startup Funding मंत्र!
News video | 218 views
Google leads $36 mn funding in California, B'luru-based startup Pixxel #shortsvideo
Technology video | 139 views
Delhivery bagged the coveted Startup of the Year award at ET Startup Awards 2019. It received high praise for touching remote corners of the country, encompassing more than 17,000 pin codes and creating impact by being a full-stack logistics platform.
Started as a hyperlocal food-delivery startup, ferrying food to customers, several of whom happened to be e-commerce entrepreneurs, Delhivery now processes more than 500,000 parcels a day and is valued at over $1.5 billion. It provides a full suite of logistics services, including express parcel transportation, freight, reverse logistics, and B2C warehousing and tech services.
Watch Delhivery named ‘Startup of the Year’ at ET Startup Awards 2019 With HD Quality
News video | 690 views
Union Ministers Ravi Shankar Prasad and Piyush Goyal, who were the guest of honour at the grand ceremony to felicitate the winners of the prestigious ET Startup Awards, addressed the gathering of 350 select guests, comprising the who's who of the Indian startup ecosystem. They also took questions of ET's South Editor Archana Rai. Tune in.
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Watch ET Startup Awards 2019: Ravi Shankar Prasad, Piyush Goyal address startup founders With HD Quality
News video | 459 views
CII Startuprenuer Awards 2022 | ICONN 2022
#Startups playing a pivotal role in making India globally competitive & a hub for innovations. How this momentum can be accelerated? #CIIreport- 'Fuelling startup growth' suggests suitable reforms to create a supportive, friendly, favorable environment for startup community.
Download the report from https://bit.ly/3JHJYVX
CII – EY Report - 'Fuelling startup growth' - Tax and Regulatory Policies for Startup in India
News video | 349 views
Jogindernagar: Chandra Dixit of Baijnath will work on incense material made from herbs, incense and incense sticks will be prepared in natural and Ayurveda way under CM Startup Scheme.
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