Indian startups raised about $177.6 million during the week of May 17 to May 23, marking a 2.7x increase from the $65.8 million they secured during the same period last year, as per data from Tracxn.
The funding tally also rose 12.7% from last week’s $157.7 million. However, the number of deals fell to 15 from 34 in the corresponding week a year ago, underscoring continued investor caution and a focus on select, high-conviction bets.
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Indian startups raised about $177.6 million during the week of May 17 to May 23, marking a 2.7x increase from the $65.8 million they secured during the same period last year, as per data from Tracxn.
The funding tally also rose 12.7% from last week’s $157.7 million. However, the number of deals fell to 15 from 34 in the corresponding week a year ago, underscoring continued investor caution and a focus on select, high-conviction bets.
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.
ETtech
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