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.
ETtech
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