Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn

Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve

Indian startups raised $3 billion in Q3 2022 (July-Sept), which was 57 per cent lower as compared to the previous quarter, according to a new report by Tracxn, the technology-led market intelligence platform.

“Q3 2022 witnessed $3 billion in funding, which is 57 per cent lower from Q2 2022 and 80 per cent lower than the peak funding of $14.9 billion received in the same quarter last year," according to the ‘Tracxn Geo Quarterly Report: India Tech Q3 2022’.

The report said the average ticket size also witnessed a drop across all funding stages, with the late stage seeing the