Startups raised around $219 million during the week of August 2 to 8, marking a 43.4% decline from the $386.6 million raised during the same period last year, according to data from Tracxn.
However, the funding amount increased from the previous week, rising 74.2% from $125.7 million.
Deal activity, too, declined this week on a year-on-year (YoY) basis, with 29 transactions recorded during the period, compared to the 40 deals seen in the corresponding week last year.
ETtech
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