Funding for agrifoodtech startups declines 33% to $2.4 bn in 2022 ...Middle East

Funding in Indian agrifoodtech startups declined 33 per cent during the last calendar year to USD 2.4 billion on higher base, according to AgFunder and Omnivore joint report. "Agrifoodtech startups in India raised a total of USD 2.4 billion in 2022, down 33 per cent from 2021. The number of deals also declined to 133 in 2022, compared to 230 deals in 2021," said India AgriFoodTech Investment Report 2023. The funding stood at USD 3.6 billion during the 2021 calendar year. "The agrifoodtech startup ecosystem in India mirrored the global slump in venture capital funding in 2022. Funding dropped 33 per cent to USD 2.4 billion in 2022, from USD 3.6 billion in 2021. Euphoric startup valuations, al

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