With no respite from the funding squeeze, investments in startups in the second week of 2024 dropped about 70% on year, totalling $102.1 million across 26 different deals.
Companies, across seed, early and late stages, had raised about $288 million in the period from January 6 to 12, 2023, as per data from Tracxn.
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The most significant amount of capital raised in the week was in the early stage, at about $49 million, accounting for 48% of the overall deal value. This was followed by $35.2 million in late-stage funding, commanding 35%.
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Sequentially, funding in the latest week amounted to a nearly 3X rise in value terms, and up over 3X by volume. Last week, these new-age companies raised $35.8 million across 8 deals.
The latest numbers come after a busy spell of dealmaking in December, which came as a twist at the end of 2023 – one of the weakest years for venture capital activity in the country.
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Top five deals:MakeO: The cosmetic solutions startup raised $16 million in a new round of funding led by 360 ONE Asset, formerly IIFL Wealth, and the investment office of public markets investor Ashish Kacholia.
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Akshayakalpa: The organic dairy startup raised $12 million in a Series C round led by A91 Partners.
Grip: The alternative investment platform raised $10 million in a mix of equity and debt, led by Stride Ventures, as part of its latest funding.
CureBay: The healthcare startup raised $7.5 million in a funding round led by existing investor Elevar Equity.
Slurrp Farm: The children-focused snacking and meal brand raised $7.2 million in a fresh round of investment from new and existing investors
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With no respite from the funding squeeze, investments in startups in the second week of 2024 dropped about 70% on year, totalling $102.1 million across 26 different deals.
Companies, across seed, early and late stages, had raised about $288 million in the period from January 6 to 12, 2023, as per data from Tracxn.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering College
Course
Website
Northwestern University
Kellogg Post Graduate Certificate in Product Management
The most significant amount of capital raised in the week was in the early stage, at about $49 million, accounting for 48% of the overall deal value. This was followed by $35.2 million in late-stage funding, commanding 35%.
ETtech
Sequentially, funding in the latest week amounted to a nearly 3X rise in value terms, and up over 3X by volume. Last week, these new-age companies raised $35.8 million across 8 deals.
The latest numbers come after a busy spell of dealmaking in December, which came as a twist at the end of 2023 – one of the weakest years for venture capital activity in the country.
Discover the stories of your interest
ETtech
Top five deals:MakeO: The cosmetic solutions startup raised $16 million in a new round of funding led by 360 ONE Asset, formerly IIFL Wealth, and the investment office of public markets investor Ashish Kacholia.
ETtech
Akshayakalpa: The organic dairy startup raised $12 million in a Series C round led by A91 Partners.
Grip: The alternative investment platform raised $10 million in a mix of equity and debt, led by Stride Ventures, as part of its latest funding.
CureBay: The healthcare startup raised $7.5 million in a funding round led by existing investor Elevar Equity.
Slurrp Farm: The children-focused snacking and meal brand raised $7.2 million in a fresh round of investment from new and existing investors
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
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