Indian startup companies are not getting help due to the slowdown in the global economy. In the third quarter of this year, these companies raised only $2.7 billion from 205 deals, a two-year low. According to a report by PwC, only two startups have become unicorns during July to September.
It is difficult to predict how long this recession will last. But it clearly shows that both investors and founders are taking precautions. The average funding per deal has been $45 million. Globally, 20 unicorns were formed in the July-September quarter. Of this, 45 per cent belong to the SaaS segment.
While no company has become a Decacorn. The report said that all phases of investment have witnessed a decline which includes early, growth and late all. In general, early-stage startups will be able to raise capital more easily as they are generally not affected by late deals from volatility in the public markets. PLC/GT
