CB Insights: Indian startups raised just $2B in Q1, down 75% YoY and the smallest quarterly total in nearly three years, across 271 startups, down from 561 YoY
M. Sriram / Reuters : LinkedIn: Sriram Mani . Tweets: @christopherkay , @reuters , @adityakalra , @beinders , and @followthemani LinkedIn: Sriram Mani : It is slightly misleading when all founders and investors attribute all the business troubles in the past year purely to Fed interest rate changes. … Tweets: Chris Kay / @christopherkay : “Indian startups are not catering to a billion consumers. All of them are selling to the same 100 million,” @ankitnagori27 tells @Reuters. “The (consumer) market seems 2-3 times inflated” | https://www.reuters.com/... via @followthemani @reuters : A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation https://www.reuters.com/... Aditya Kalra / @adityakalra : Reuters Analysis: Funding crunch worsens at Indian startups. Misjudged consumption growth, delayed IPOs & job losses. Now, more pain is in store. “This is a fundamental reset, not just another blip,” said a former India MD of Sequoia. By @followthemani https://www.reuters.com/... Bhupinder Singh / @beinders : Six investor sources and three startup founders told Reuters they expect the funding environment to worsen and many multi-billion-dollar firms to cut valuations within two years. https://www.reuters.com/... Sriram Mani / @followthemani : Reuters Analysis: Once booming Indian startups set for more pain as funding crunch worsens. India startup funding fell 75% in Q1 this year, a bigger fall than US or China. It's not just because of Fed rate hikes. Is India's market size overestimated? https://www.reuters.com/...