A ray of hope as investment firms warm up to Indian startups again with at least $5b in dry powder

A ray of hope as investment firms warm up to Indian startups again with at least $5b in dry powder

Photo: Pixabay

The Indian startup ecosystem has had quite a tumultuous ride in the past couple of months amid a global funding crunch that forced companies to fire employees and even shut operations. Even marquee investors such as Tiger Global and SoftBank Group Corp have sounded the alarm bells, nursing quarterly losses and asking their portfolio firms to cut costs and increase the runway by as much as three years as several funding rounds were renegotiated, stalled or canned.

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