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Startup funding plummets 80% on year to $45 million this week

Economic Times · 1y

Startup funding in the second week of April 2024 declined by about 80% from the same period last year, totaling $45 million across 10 deals. The average funding per deal dropped to $4.5 million. AI cloud and platform-as-a-service startup, Neysa, accounted for 44% of the total corpus raised this week with a funding round of $20 million. Most of the funding went to seed-stage startups, capturing 59.2% and raising $26.7 million. The top five deals included Neysa, Recykal, Planys Technologies, Arrivae, and EyeMyEye.