Soonicorns Summit: India’s ‘moment to shine’ as VC funding grows, say speakers
venture capital (VC) funding in the country picks up pace, with the likes of Rapido, Ather Energy and Porter joining the unicorn club recently, participants at the ET Soonicorns Summit said on Friday.
The Summit, a startup-tech initiative by the Economic Times, organised a panel discussion to provide insights into the future prospects and potential of the Indian venture capital ecosystem.
The panel discussion titled ‘Surge in Investor Interest: Vision and Outlook for the Indian VC Ecosystem Beyond Hype and Uncertainty’ delved into the underlying factors driving investor interest, and addressed the challenges and uncertainties existing in the market.
India’s VC ecosystem faced a severe funding decline, dropping by 65% from $27.5 billion in 2022 to $9.6 billion in 2023.
Experts believe the risk has abated this year and the negative ripple effect is on a decline.
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