The startup funding winter, which has been worsened by the banking crisis in the US and Europe, is expected to be short and sharp, according to Deep Kalra, the founder and chairman of travel services provider MakeMyTrip. However, domestic players in travel in India have reported over 100% recovery from pre-Covid levels, indicating steady growth in the industry. Kalra made these comments at the Times Network India Digital Fest. The funding winter has impacted startups globally, with many struggling to secure investments due to the economic downturn caused by the pandemic.