![banner-img](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_Moon_element-trimmy-removebg-preview.png)
STATE OF THE INDIAN STARTUP ECOSYSTEM
AND ITS OVERALL IMPACT ON THE GLOBAL ECONOMY
![funding](https://inc42.com/wp-content/themes/inc42/yir/images/15.png)
$145BN
TOTAL
FUNDING
![funded](https://inc42.com/wp-content/themes/inc42/yir/images/16.png)
5.7K
TOTAL FUNDED STARTUPS 2014 TO 2023
![unicorn](https://inc42.com/wp-content/themes/inc42/yir/images/13.png)
111
TOTAL NUMBER OF UNICORNS
![startup](https://inc42.com/wp-content/themes/inc42/yir/images/12.png)
68K
TOTAL TECH STARTUPS LAUNCHED IN INDIA TO DATE
![project](https://inc42.com/wp-content/themes/inc42/yir/images/11.png)
900MN
ACTIVE INTERNET USERS IN INDIA BY 2025
![merger](https://inc42.com/wp-content/themes/inc42/yir/images/14.png)
1.3K
TOTAL NUMBER OF M&As BETWEEN 2015 AND 2023
2ND
BEHIND THE US IN TERMS OF
ANNUAL FUNDING CAGR
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
WHAT’S NEXT
ARTICLES IN REVIEW
TOUGH TIMES FOR STARTUPS
NO NEW MILESTONES IN SITE
TOUGH TIMES FOR STARTUPS
WAVE OF SHUTDOWNS
WAVE OF SHUTDOWNS
![](https://inc42.com/wp-content/uploads/2023/12/11.png)
17
STARTUPS BIT THE DUST IN 2023
214 Mn+
TOTAL FUNDING RAISED BY STARTUPS THAT SHUT SHOP IN 2023
![](png/11-2.png)
17
STARTUPS BIT THE DUST IN 2023
214Mn+
TOTAL FUNDING RAISED BY STARTUPS THAT SHUT SHOP IN 2023
WHAT THE FUNDING
![](https://inc42.com/wp-content/themes/inc42/yir/images/Line-141.png)
WHAT THE FUNDING
![](https://inc42.com/wp-content/themes/inc42/yir/images/Line-141.png)
$9 Bn
TOTAL FUNDING IN 2023
35%
YoY DECLINE IN MEDIAN TICKET SIZE OF FUNDING
68%
YoY DECLINE IN SEED FUNDING
71%
YoY DECLINE IN GROWTH FUNDING
YoY DECLINE IN GROWTH FUNDING
66%
YoY DECLINE IN MEGA DEAL COUNT
![banner-img](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_Moon_element-trimmy-removebg-preview.png)
![](https://inc42.com/wp-content/uploads/2023/12/12.png)
![](https://inc42.com/wp-content/uploads/2023/12/13.png)
DIAMONDS IN THE RUBBLE
INDIA’S ONLY UNICORN FROM 2023
![](png/zepto-logo.png)
A YEAR OF GLORYFYING COCKROACHES
A YEAR OF GLORYFYING COCKROACHES
![](https://inc42.com/wp-content/uploads/2023/12/Group-1457@2x.png)
The values in INR Cr depict the profits in FY23
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
![](https://inc42.com/wp-content/themes/inc42/yir/images/YIR_scroll-moon-icon_01.png)
WE'RE THANKFUL FOR OUR COMMUNITY OF
INNOVATIVE ENTREPRENEURS
INVESTORS
BUSINESS PARTNERS
STAFF
FOR ANOTHER YEAR TO REMEMBER
WISH YOU A HAPPY NEW YEAR AND A PROLIFIC YEAR FOR INDIA IN TECH
WISH YOU A HAPPY NEW YEAR AND A PROLIFIC YEAR FOR INDIA IN TECH