New Delhi, Jan. 5 -- The primary findings of the Indian tech start-up ecosystem were released by Zinnov and Nasscom in a report titled "Weathering The Challenges: The Indian Tech Start-up Landscape Report 2023." India remains the third largest tech start-up ecosystem globally, with over 950 new ventures in 2023 and over 31,000 in the previous ten years. These tech startups raised a total of more than USD 70 billion in funding between 2019 and 2023.

Indian tech startups persevered in 2023 in the face of global obstacles such as valuation problems, a dearth of initial public offerings (IPOs), regulatory shifts, and macroeconomic and geopolitical developments. These challenges were met with the goal of improving the start-ups' business foun...