March 4, 2024
As 2023 involves an finish, the Indian expertise and startup sector presents a multifaceted image. The yr was marked by important disruptions, coverage shifts, and a recalibration of the panorama. From large government reshuffle to the affect of worldwide financial pressures on startups and enterprise capital, the business witnessed a dynamic interaction of forces.

ETtech’s year-end tales delve into key occasions that formed the expertise and startup scene this yr.

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Listed below are the highest reads as we reviewed 2023:

ETtech State of Startups 2023: Founders resist valuation cuts as funding drought drags on | As curtains come down on a tricky yr for startups, we launched our annual state of startup survey performed amongst India’s high founders, traders and web executives. The survey determines the general sentiment of the startup ecosystem. Learn the important thing findings right here.

23 happening 24: Making sense of a chaotic but vibrant yr for India’s tech sector | It was a difficult yr for Indian IT, however sectors like on-line gaming and drones skilled higher fortunes. There have been thrilling potentialities for India’s area exploration and manufacturing ambitions. In the meantime, we’ve solely simply began realising the immense potential of AI. Here’s a one-stop recap for the yr that was.

Meet the executives who donned the founder hat | A liquidity crunch and worsening of the funding drought didn’t preserve senior executives from resigning from their well-paid jobs and leaping into entrepreneurship in 2023.

Uncover the tales of your curiosity

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Together with government search agency Longhouse Consulting, ET compiled a listing of high-profile executives who launched their ventures this yr. Learn right here.

Executives who started up in stealth_Graphic_DEC_2023_ETTECHETtech

Who’s in, who’s out: the largest government strikes in Indian tech & startup sector | We put collectively our annual checklist of government adjustments and massive actions within the business in collaboration with government search agency Longhouse Consulting. Take a look at all the key actions right here.

Meet the highest free brokers in India’s expertise and startup ecosystem: In a yr marked by layoffs and restructuring in India’s startup area, a number of top-level executives exited firms and are but to tackle new tasks.

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In truth, the yr additionally noticed founders of some struggling corporations transfer on from their working roles.

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Right here’s a listing of founders and high-profile executives who’re but to announce their latest assignments.

Secondary rounds might headline deal move at startups subsequent yr too | Even because the startup business braved a funding crunch in 2023 and first capital grew to become onerous to come back by, there was a big improve in secondary share gross sales throughout late-stage ventures. This development is prone to keep within the new yr. Learn extra right here.

Top secondary deals of 2023_Graphic_DEC_2023_ETTECHETtech

How cash adopted deeptech firms at tech’s frontier | The yr 2023 marked a gradual improve in investor curiosity in high-tech innovation-focused firms, with the primary public itemizing within the deep expertise area this yr: aerial robotics agency Ideaforge. Learn extra right here.

Fast commerce was lapped up by the city public, however has a protracted solution to go | Fast commerce, the place groceries and different objects are delivered in a brief span, was capable of win “public validation”, particularly in metro cities, in 2023. Nonetheless, specialists predict that the approaching yr might be a check of profitability, market depth and adaptableness.

Seesawing FortunesETtech

How layoffs hit expertise and startup employees | In 2023, layoffs had been the norm in startups throughout sectors. In line with monitoring website, greater than 1,150 tech firms fired over 260,000 individuals in 2023. With 2023 drawing to a detailed, we checked out startups and tech firms which laid off staff as they lower prices.

VC funds see heightened churn amid efficiency strain | Not less than 38 companions and high executives moved out of VC funds this yr highlighting the churn attributable to the challenges within the expertise sector. Right here’s our annual checklist of massive actions throughout the nation’s enterprise capital (VC) business.

Prime coverage adjustments that impacted the expertise business | The Indian authorities launched a slew of coverage and regulatory adjustments that impacted the nation’s digital ecosystem. Right here’s a recap of the highest tech coverage developments of 2023 and their significance.