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Tech startups News
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The Transportation and Logistics Tech sector saw a strong recovery, raising $1.6 billion, a 104 per cent increase from $799.3 million in H2 2024.
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As a result, total funding for Indian startups fell sharply from $42 billion in 2021 to $25 billion in 2022, and further declined to just $10 billion in 2023.
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The SVB crisis is the largest bank failure in the US history since the financial crisis of 2008, whose ripple effects have been felt across the world.
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The Silicon Valley Bank (SVB) was known to be a major source of funding for technology startups when other options like Initial Public Offering (IPO) aren't available amid liquidity crunch.
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Owing to the lack of pioneering innovation and stalled funding, more than 90 per cent startups in India fail in the first five years, a study by software major IBM revealed on Wednesday.
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With more than 4,100 enterprises, India is the third-largest base of tech startups in the world and the number is set to grow manifold over the next few years, technology giant Google said Wednesday.
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