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Diksha Mittal
3 Oct 2024
Indian startups cumulatively raised $86.4 Mn across 16 deals, a 80% decline from the $432.2 Mn raised across 24 deals last week. The week saw coworking space startup DevX file its DRHP with the SEBI.
Seed funding dipped this week, with startups at this level only managing to raise $1.9 Mn as against $44.5 Mn raised last week.
Investment activity across the Indian startup ecosystem saw a dip this week after bucking upward trends. In the week between September 30 and October 5, startups managed to raise $86.4 Mn via 16 deals, more than 80% drop from $432.2 Mn raised across 24 deals in the preceding week.
It is pertinent to note that the week was sans mega funding and further marks the beginning of festivity in India.
Source: Inc 42
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