Finance | Page 7

For small businesses with thinner margins, insurance is not just an added cost but a crucial safeguard for their business continuity.

As the Indian startup ecosystem saw a 72 percent (USD 19.7 billion) fall in investment during the first half of 2023 as compared to 2022 in the same period, entrepreneurs are finding it increasingly difficult to get the funding they need for growth and development.

IDG Ventures India changed its name to Chiratae Ventures in 2018 and Inventus India rebranded the company as Athera Venture Partners in 2022 to reiterate their vision and focus. In addition, Sequoia Capital changed its name this year to Peak XV Partners, taking its cue from Mount Everest, whose previous name was Peak XV until it was changed.

Shark Tank India, including seasons 1 and 2, invested more than INR 1 billion in the deals. Within a period of 1.5 years, the majority of the startups who were featured on the show during season 1 closed transactions with outside investors that were 6X bigger in value.