As cost of capital rises, VC funding for new-age firms drops to $26 bn

Venture capital (VC) funding for Indian startups has taken a sharp cut. It dropped to $25.7 billion in 2022 from $35.8 billion in 2021 as the global economy experienced turbulence. The global economic downturn has made investors reconsider their commitments towards the deployment of capital into new-age firms, said a report published in The Times of India (TOI), which quoted a study conducted by Bain and India Venture and Alternate Capital Association (IVCA).