55% less funding for healthtech businesses in 2022, according to the Tracxn report.

According to research published on Wednesday by market intelligence platform Tracxn, India's overall funding for healthtech startups fell by 55 percent from $3.2 billion in 2021 to $1.4 billion in 2022.

The loss in healthtech funding was primarily attributable to a 75% decrease in late-stage investments from $2.4 billion in 2021 to $606 million in 2022, according to the research.

In 2022, seed-stage funding for the indu....