<ul><li>VC funding in Indian startups drops to $2.1 billion in March quarter due to a decline in large-ticket deals, KPMG report reveals.</li><li>Despite companies like PhonePe and Lenskart raising millions in the same quarter, VC funding in India experiences a 25% drop from the previous quarter.</li><li>Single rounds of $100 million or more are now classified as large ticket rounds, indicating a change in India's investment landscape.</li><li>The number of active micro VC funds in India has increased to over 80 in 2022, according to a recent report from consulting firm Bain, which focuses on pre-seed, seed, and Series A deals with smaller cheques.</li></ul>

VC funding in Indian startups drops by 25% in Q1 2023: KPMG report

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