After raising more than $10 billion in three consecutive quarters, investments in domestic startups declined 40 percent to $6.8 billion during the second April-June quarter of this year. Due to the geopolitical crisis, investments from startup companies have come down. The average size of more than 60% of deals has been $5 million.
According to PwC India, startups from Mumbai and NCR account for 95 percent of the total investment. During this time only 4 startups were successful in becoming unicorns. There are over 1,200 unicorns globally. The report said that it may take one to one-and-a-half years for investments in startups to return to normal.
Foreign investors pulled out Rs 4,096 crore
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Foreign institutional investors have withdrawn Rs 2.21 lakh crore since January. This is a record after the withdrawal of 52,987 crores in 2008.
New Delhi. The Indian Banks' Association (IBA) is preparing to train executives for the top positions in PSBs amidst increasing competition in the banking sector. For this, the consortium has invited bids from advisory companies and institutions in the banking sector by July 30. Selected companies will prepare training programs for senior executives of banks. The objective of the entire exercise is to create future leadership executives who are digitally proficient, think strategically, and who can build good teams.
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