Friday, 24 March, 2023

Funding Winter Sets In For Indian Startups, Staff Out In The Cold: Over 12K Laid Off

<p>Funding in Indian startups has nearly constantly declined since the start of 2022. Having raised $4.6 billion in January, Indian startups could only raise $1.1 Bn in November, down 73% as compared to &nbsp;$4.1 bn in 2021. Indian startups have laid off 17,989 employees so far in 2022. Edtech has seen the most layoffs, followed by consumer services and ecommerce. Almost 9 in every 10 employees laid off in 2022 were working in either edtech, ecommerce or consumer services.</p> <quillbot-extension-portal></quillbot-extension-portal>