Software-as-a-Service (SaaS) fund and accelerator Upekkha completed the first close of its $40 million Upekkha Fund at $15 million, spearheaded by WestBridge Capital. With a strong focus on India's SaaS and AI landscape, the fund will invest in over 70 early-stage startups in 2024. Despite the challenges faced by SaaS startups, early-stage startups experienced mixed funding outcomes in 2023.