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Startup funding falls 30% on year to $73 million this week

Economic Times · 1y

Startup funding in the penultimate week of April 2024 witnessed a decline of 27.9% compared to the same period last year, totaling $74 million across 14 deals. However, the deal density improved to $5.3 million per deal, which is higher than the previous week's average. The top deals included funding rounds for omnichannel fashion startup Lyskraft ($26 million) and logistics software provider LetsTransport ($22 million). Other notable funding rounds were led by Acacia ($6.5 million), Dhruva Space ($9.4 million), Plane ($4 million), and Flashaid ($2.5 million).