Startups closed around $676.1 million between October 11 and 17, a 10-fold increase from the $67.3 million raised during the same period last year, on the heels of a quick commerce platform’s $450 million funding round.
The tally was also more than two-fold from the $316.1 million raised the previous week.
The number of deals, however, dropped on a year-on-year (YoY) basis, with 20 transactions recorded this week compared with 33 a year earlier.
