startup funding: ETtech Deals Digest: Startup funding drops 92.3% on-year to $83.6 million this week

December 30, 2024

, By Team SNFYI

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Startups raised around $83.6 million between December 14 and 20, marking a 92.3% decrease compared to the same period last year.

ET Year-end Special Reads

Overall funding trend for Indian startups_14-20 Dec, 2024, 2024_ETTECH

This also represents an 88.6% decrease from last week’s total of $735.9 million.This week, startups raised funds through 17 deals, compared to 44 in the year-ago period, when they raised a total of $1.09 billion, according to data from data intelligence platform Tracxn.

Top deals of the week

Bureau: Identity verification startup Bureau secured $30 million in a fresh equity funding round led by US venture firm Sorenson Capital and PayPal Ventures.

Most active VCs this week 14 20 Dec 2024 2024 ETTECH

Bizom: Retail intelligence platform Bizom raised $12 million in a funding round led by Hyderabad-based venture capital firm Pavestone, which contributed $7.5 million.

Discover the stories of your interest

Zingbus: Electric intercity bus platform Zingbus raised $9 million in a funding round led by BP Ventures.

Top funding rounds during 14 20 Dec 2024 ETTECH

Seekho: Online learning platform Seekho raised $8 million in a funding round led by Lightspeed India Partners. Existing investor Elevation Capital also participated in this round.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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startup funding: ETtech Deals Digest: Startup funding drops 92.3% on-year to $83.6 million this week

December 30, 2024

, Published By Team SNFYI

Startups raised around $83.6 million between December 14 and 20, marking a 92.3% decrease compared to the same period last year.

ET Year-end Special Reads

Overall funding trend for Indian startups_14-20 Dec, 2024, 2024_ETTECH

This also represents an 88.6% decrease from last week’s total of $735.9 million.This week, startups raised funds through 17 deals, compared to 44 in the year-ago period, when they raised a total of $1.09 billion, according to data from data intelligence platform Tracxn.

Top deals of the week

Bureau: Identity verification startup Bureau secured $30 million in a fresh equity funding round led by US venture firm Sorenson Capital and PayPal Ventures.

Most active VCs this week 14 20 Dec 2024 2024 ETTECH

Bizom: Retail intelligence platform Bizom raised $12 million in a funding round led by Hyderabad-based venture capital firm Pavestone, which contributed $7.5 million.

Discover the stories of your interest

Zingbus: Electric intercity bus platform Zingbus raised $9 million in a funding round led by BP Ventures.

Top funding rounds during 14 20 Dec 2024 ETTECH

Seekho: Online learning platform Seekho raised $8 million in a funding round led by Lightspeed India Partners. Existing investor Elevation Capital also participated in this round.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

ETtech State of Startups survey: ETtech State of Startups survey predicts revival in private funding, more IPOs in 2025

Next News

Is tech industry already on cusp of artificial intelligence slowdown?

Hi! This is Admin.

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