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![startups, Idea, Breakthrough Illustration: Ajay Mohanty](https://bsmedia.business-standard.com/_media/bs/img/article/2022-08/21/full/1661101398-4467.jpg?im=FeatureCrop,size=(826,465))
Illustration: Ajay Mohanty
Indian startup funding crossed the $1.6 billion mark in the month of December 2023 to become the most funded month this year, indicating a thaw in the so-called funding winter, according to data collated by market intelligence platform Tracxn and Business Standard.
The uptick in funding was spearheaded by late-stage rounds led by Flipkart – who raised a massive $600 million from its parent company Walmart, and Udaan – who raised $340 million from M&G Prudential and Lightspeed. Upcoming companies had raised $1.4 million in January this year.
Regardless, startup funding hit a seven year low in 2023.
![Chart Chart](https://bsmedia.business-standard.com/_media/bs/img/article/2023-12/29/full/1703874164-88.jpg)
First Published: Dec 29 2023 | 11:53 PM IST
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