News > Is funding winter over? VCs & PEs invested $33.3 bn in Indian start-ups in H1FY23

Is funding winter over? VCs & PEs invested $33.3 bn in Indian start-ups in H1FY23

Venture capital and private equity funds invested about $33.3 billion in the first half of FY23, according to a report by Software Technology Parks of India (STPI). In addition, the investment in cities beyond the Tier I stood at $14.5 billion across 238 deals. The top sectors which have been performing well in Tier II, III and IV cities include enterprise tech, retail tech and health tech, the report revealed.