Indian startups raised $6.9bn in the June quarter, down 33% sequentially

They raised $6.9 bn in Q2CY22 against $10.3 billion raised in Q1CY22; funding winter is a result of the market slowdown

Indian start-ups raised $6.9 billion in Q2CY22 (April-June) across 409 funding rounds. Total funding in the quarter declined 33 per cent from $10.3 billion raised in Q1CY22, according to Tracxn Geo Quarterly Report: India Tech Q2 2022.

Start-up fundraising also declined on a year-on-year (YoY) basis, from $10.1 billion.

With fundraising activity in the slow lane, the Tracxn report said this has led to a consensus among market players about a "winter of funding" or a downturn in investors' confidence and sentiment towards funding start-ups. Funding winter is a result of the market slowdown and economic volatility based on the current macroeconomic