India slipped to fourth position in the global ranking among the highest-funded geographies in 2023.
It recorded lowest funding in five years.
India is in third spot globally in 2021 as well as in 2022.
By receiving only $7 billion in total funding, now it behind the US, the UK and China.
For 2023, the funding declined across all stages, with late-stage funding dropping over 73%, followed by early-stage funding (70%) and seed-stage funding (60%).