Funding winter for startups to continue for 12-18 months: Report

According to a report by market intelligence platform Tracxn, funding winter (low investor confidence in startups) in India is likely to continue for the next 12-18 months. The report added that August 2022 saw $885 million in funding, which was down 20% compared to July 2022. In the maximum total funding raised, Bengaluru was in the lead, the report stated.