 "startup funding investment")
Investments from major foreign venture capital (VC) firms, including Tiger Global, Peak XV Partners, Accel, and SoftBank, in India witnessed a major decline of over 85 per cent in 2023, amid the startup ecosystem facing a funding winter.
Over the past two years, these prominent global VC firms have also divested from some of their investments.
Peak XV Partners (formerly Sequoia India), a prominent investor in India, saw an 87 per cent year-on-year (Y-o-Y) decrease in investments, amounting to $197.5 million across 23 deals in 2023, down from $1.5 billion across 38 deals in 2022, according to Tracxn — a
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