58% startups expect fundraising to be tougher in 2023: Report

Nearly 58% founders of Indian startups expect fundraising to get tougher in 2023 and hiring to be muted, as per InnoVen Capital's 'India Startup Outlook Report'. The report revealed that only 53% of the founders said they had a positive fundraising experience, down from 92% in 2021. Founders revealed that there was higher priority for profitability over growth, it added.