India 2024 AgriFoodTech Investment Report
In 2023, Indian agrifoodtech startups raised $940 million across 129 deals, down 60% from 2022.
The number of deals remained almost flat with 129 closing in 2023 compared to 133 deals in 2022, indicating smaller deal sizes given the steep decline in dollars raised.
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More early stage deals closed in 2023 than 2022 indicating continued interest by investors in the category but at much lower valuations than in previous years.