Steep decline in VC inflow; Tech job openings in April
Why it matters: Indian tech job openings are down 8% in April, signaling a cooling market for professionals.
- Venture capital funding in Indian startups saw a sharp decline in the first week of April.
- High-value deals were clearly absent, contributing to the VC inflow reduction.
- Job openings for technology professionals in India are 8% lower in April compared to March.
Indian startups experienced a significant drop in venture capital funding during the first week of April, primarily due to a lack of high-value deals. Concurrently, job openings for technology professionals in India decreased by 8% in April compared to March, indicating a broader slowdown in the tech sector.
