Indian startups raised more than $11 Bn in 2023: Report In 2023, Indian startups faced a challenging funding environment, marked by a funding crunch, mass layoffs, and closures. Despite struggles, over 980 startups raised $11 billion in venture capital. Notable were 181 growth stage deals totaling $8.8 billion and 656 early stage startups raising $2.5 billion. Two new unicorns, Zepto and InCred, emerged. Funding declined sharply from $38 billion in 2021 to $11 billion in 2023. Layoffs exceeded 24,000, and 15 startups, including ZestMoney and Quizy, shut down. Bengaluru dominated with 433 startups raising $6.2 billion. Edtech, fintech, and gaming faced challenges, while 11 startups, including Paytm and Nykaa, went public in 2023. Secondary deals, ESOP buybacks, and IPO plans were notable trends. #Entrackr #Fintrackr #IndianStartups #Startups #News #Funding #AnnualReport #YearlyFundingReport #FundingReport #Report #StartupNews https://entrackr.com/2023/12/indian-startups-raised-funding-more-than-11-bn-in-2023-report/

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Freeskout is directing towards becoming a leading influencer marketing, and discovery platform. We have raised INR. 4 Crore in a seed round to evolve the influencer marketing ecosystem and make an effective tech stack by growing the product team and boosting into new markets. We have partnered with Wow skin science, Sugar Cosmetics, The Ayurveda company, Mcaffeine, Nykaa, Country Delight, Belief Cosmetics, LA girl, etc., among its 1000+ clients. Our company was founded two years ago in 2020, after realizing the potential of the creator space, the gen Zs, who depend on everything online. It’s quite a wide-open market that was baffled by user-generated content (UGC). We recognized the whitespace and launched it with a small unit including our co-founders Lakshay Bhambani, Ashish Bhambani & Shashank Sehrawat and it took us just 4 months to bring revenue of INR 1 Lakh per month. At present, it has beefed up its presence as a reflecting platform and a critical stakeholder in the $10+ B influencer marketing sector, wherein the company rose from INR 1 Lakh to INR 1.5 Crore MRR within a year. That is why we managed to accumulate a 10X growth rate YOY (year-o-year) and are working out to reach an MRR of INR 20 Crores within the next 2 years. After this fundraiser, our company aims to rev up product development, expand into new markets, and facilitate the customer experience. If you are looking to implement these growth marketing strategies in your business, Freeskout can be your ally. We could proudly say that it’s one of the top strategic influencer marketing hubs in India, helping brands and companies achieve their marketing goals with ease! https://freeskout.com/