ETtech’s year-end stories delve into key events that shaped the technology and startup scene this year.
Here are the top 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 tough year for startups, we released our annual state of startup survey conducted among India’s top founders, investors and internet executives. The survey determines the overall sentiment of the startup ecosystem. Read the key findings here.
23 going on 24: Making sense of a chaotic yet colourful year for India’s tech sector | It was a challenging year for Indian IT, but sectors like online gaming and drones experienced better fortunes. There were exciting possibilities for India’s space exploration and manufacturing ambitions. Meanwhile, we have only just started realising the immense potential of AI. Here is a one-stop recap for the year that was.
Meet the executives who donned the founder hat | A liquidity crunch and worsening of the investment drought did not keep senior executives from resigning from their well-paid jobs and leaping into entrepreneurship in 2023.
Discover the stories of your interest
ETtechAlong with executive search firm Longhouse Consulting, ET compiled a list of high-profile executives who launched their ventures this year. Read here.
ETtechWho’s in, who’s out: the biggest executive moves in Indian tech & startup sector | We put together our annual list of executive changes and big movements in the industry in collaboration with executive search firm Longhouse Consulting. Check out all the major movements here.
Meet the top free agents in India’s technology and startup ecosystem: In a year marked by layoffs and restructuring in India’s startup space, several top-level executives exited companies and are yet to take on new projects.
ETtechIn fact, the year also saw founders of some struggling firms move on from their operating roles.
ETtechHere’s a list of founders and high-profile executives who are yet to announce their newest assignments.
Secondary rounds may headline deal flow at startups next year too | Even as the startup industry braved a funding crunch in 2023 and primary capital became hard to come by, there was a significant increase in secondary share sales across late-stage ventures. This trend is likely to stay in the new year. Read more here.
ETtechHow money followed deeptech companies at tech’s frontier | The year 2023 marked a steady increase in investor interest in high-tech innovation-focused companies, with the first public listing in the deep technology space this year: aerial robotics firm Ideaforge. Read more here.
Quick commerce was lapped up by the urban public, but has a long way to go | Quick commerce, where groceries and other items are delivered in a short span, was able to win “public validation”, especially in metro cities, in 2023. However, experts predict that the coming year will be a test of profitability, market depth and adaptability.
ETtechHow layoffs hit technology and startup workers | In 2023, layoffs were the norm in startups across sectors. According to tracking site Layoffs.fyi, more than 1,150 tech companies fired over 260,000 people in 2023. With 2023 drawing to a close, we looked at startups and tech companies which laid off employees as they cut costs.
VC funds see heightened churn amid performance pressure | At least 38 partners and top executives moved out of VC funds this year highlighting the churn caused by the challenges in the technology sector. Here’s our annual list of big movements across the country’s venture capital (VC) industry.
Top policy changes that impacted the technology industry | The Indian government introduced a slew of policy and regulatory changes that impacted the country’s digital ecosystem. Here’s a recap of the top tech policy developments of 2023 and their significance.