As the Indian startup ecosystem saw a 72 percent (USD 19.7 billion) fall in investment during the first half of 2023 as compared to 2022 in the same period, entrepreneurs are finding it increasingly difficult to get the funding they need for growth and development.
A 63-point self-regulatory framework for startups from the early stage to the initial public offering (IPO) was recommended as part of think tank recommendations released in June this year.
Companies like BYJU'S, Lenskart, Phonepe, Ola Electric are some of the top names that have managed to raise funds above USD 100 million in this quarter.
According to Nithin Kamath of Zerodha, the venture capital ecosystem should also share responsibility for corporate misgovernance along with the founders. Amitabh Kant, the G20 Sherpa for India, stressed the significance of self-regulation and good governance for startups and entrepreneurs.
Founders and VCs are Equally Responsible for Corporate Governance Issues in Indian Startups: Nithin Kamath
In a series of tweets, Kamath discussed his views on the ongoing corporate governance issues among Indian startups.
The investment conglomerate is shifting from investing in startups valued at $5 billion to startups valued at roughly $2 billion. Additionally, it reduced cheque amounts from $1 billion to $100-150 million.
In this current environment, traditional sources of financing are less willing to invest, leaving entrepreneurs in need of assistance. Venture debt provides a viable alternative that enables startups to receive finance without reducing their ownership equity.
Sethi shares his insights for India's startup industry amidst the slowdown
Investors give a peek into the reality of funding this year
The Google for startup initiative aims to reach out to a minimum 10,000 startups with this program
The Prime Minister said that India wants to become chip maker from chip taker and aims to reach at $300 billion in the electronics manufacturing sector
With A Focus On Corporate Governance, Indian Startups Have Potential To Generate 100 Million New Jobs, Says Rajan Anandan
He also expressed the concerns on the changing market growth dynamics with high inflation and interest rates
The Union minister said, the scale that Indian startup ecosystem offers is not available in any other part of the world
The fresh fund will be used to strengthen and expand the product line and growth of the business
The venture capital firm claimed that the fundraise will bolster its mission to help daring founders to build legendary companies from idea to IPO and beyond