India Deal Pulse Report Q3 CY23

In the third quarter of the calendar year 2023, startups in India secured ~US$ 3.1B across 243 deals, spanning from seed to late-stage investment. While India has increasingly garnered attention as an attractive destination for growth-stage investments, recent quarters have exhibited a noticeable decline in funding.

Our India Deal Pulse Report Q3 CY23 complied using Pulse product aims to uncover some key trends during the third quarter of 2023. Early-stage deal volume increased to ~84% from ~73% as investors shifted their focus towards smaller investments in early-stage companies.

SaaS and AI was the most attractive sector for both early-stage investments and growth-stage investments with ~US$ 234M and ~US$ 229M funding respectively.