Overview
India's early-stage startups are facing funding scrutiny as risk-averse investors tighten their purse strings. As per a study, only 25% of seed-funded startups successfully secure Series A funding. This increased selectivity has led to a surge in startup shutdowns over the past year, with many failing to demonstrate product-market fit.
According to a report by Lattice, for the quarter-ended September 30, software-as-a-service and artificial intelligence (AI) were the most attractive sectors for early-stage investing garnering a total of $142 million. This includes a $27.5 million round for Mukesh Bansal's AI startup Nurix.