Series A startup funding deals fall for the first time in 5 quarters
Startups in well-funded sectors, such as logistics and fintech, have crossed the Series A stage, leading to a slowdown at this juncture.The slowdown is also a result of investors becoming more cautious in making Series A funding rounds in Indian startups
- Investments fell more than one-fifth from $360 million in the December quarter to $282 million in the March quarter, according to data tracker Tracxn.
- Deal volume is also at its lowest in five quarters, from a high of 64 deals in the September quarter to 42 in the past quarter.
- The March quarter saw 88 seed funding rounds worth $63 million-the lowest in five quarters.
- This has meant that those who usually invest in Series A to C stages have also started investing in seed rounds.