Though funding has tumbled from a dizzying high of 2021, there is enough dry powder for deserving startups
The maths is simple: $25 billion raised in 11 months of this year versus $41 billion mopped up in the 12 months of last year. In all likelihood, 2022 will fall woefully short of the staggering funding mark that the Indian startup ecosystem witnessed in 2021. Had it not been for three SaaS startups— Icertis, Amagi, and Contentstack collectively scooped up $340 million in November—the overall funding for November would have not even touched a billion-dollar mark! In fact, July was the lowest funding month this year when the numbers dipped to $870 million.