 "tech startups")
With no ebb in the ongoing funding winter, Indian startups increasingly are opting for debt funds in search of money. According to the APAC Q2 2023: Preqin Quarterly Update, venture debt strategy appears to be gaining some traction in India, with four funds launched in 2023 already reaching interim closure.
According to Inc42’s Indian Tech Startup Funding Report H1 2023, there were nine debt fund deals involving late-stage startups in the last stage, against just five in the H1CY22. Late-stage startups would be companies in series C, D, and E categories.
Also, in the top investor ranking for H1CY23 of the top 10 players, four were debt venture players.
