The Indian startup ecosystem continued to grapple with a funding slowdown in 2023. The funding during the year hit a five-year low of $7 billion, taking India's global ranking from third to the fourth place. The funding has declined across all stages, with late-stage funding witnessing the biggest drop of 73% to $4.2 billion in 2023 so far. Besides, the year saw just 17 rounds worth $100-million-plus funding, against 55 in the corresponding period last year. Mint presents some dismal trends captured by the Annual India Startup Report released last week by data intelligence platform Tracxn. Slowdown bites The total...