30/11/2022 11:07 PM | Click to read full article
Things are not as bright for the Indian startup ecosystem as they were last year. According to the latest report by IVCA-EY, Indian startups raised only $1.6 billion in April 2022. This is almost half of the capital raised in April 2021. The segment which thrived during the pandemic is now facing the brunt of the Russia-Ukraine war, leading to a slowdown in their capital raising ability.