“2023 was a year of reckoning for the startup ecosystem. The boom times of 2021 became a speck in the rear-view mirror and funding rounds at Series A and beyond became severely constricted. Many founders have got religion and adapted to this new reality, with scaling monetization seen across the board. Going into 2024, with a thaw in the IPO market and tempering global interest rates, we expect a rebound in venture activity. Consumer spending across online and online, products and services will create multiple vectors of opportunity. As the cycle reverts, certain sectors that have been in the shadows such as edtech may come back to the forefront. Meanwhile, DPI-linked opportunities and Gen AI should see good action as well.”
