Indian startup funding plunges 57% to $80 million last week
Business
Last week was rough for Indian startups: funding dropped by 57.01%, landing at just $80 million compared to $186.1 million the week before.
The number of deals also shrank, with only nine startups getting funded versus 21 two weeks earlier.
Lohum $24 millionlion Arboreal Bioinnovations over $24 millionlion
Early- and late-stage rounds accounted for most of the money, though seed-stage funding actually doubled to $9.4 million.
Early- and late-stage investments took a hit, both dropping sharply.
Lohum and Arboreal Bioinnovations led the pack with $24 million and over $24 million, respectively, while Apna Mart raised about $12.7 million.
Other names like Fixxly and Omega Seiki Mobility secured smaller checks, showing that even in a slow week, some startups still found support.