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Startup funding drops 17% to $155 million this week

Economic Times · 1y

Startup funding in the first week of February 2024 was down by 17% from the same period last year, amounting to $154.5 million across 27 deals. The majority of the capital raised was in the early stage, accounting for about 79% of the overall deal value. Some notable deals include $40 million raised by electric two-wheeler maker River, $23 million raised by battery tech startup Lohum, and $12 million raised by smart home automation company Keus.