Startups raised around $50.2 million between December 27 and January 2, a decline of 61.4% compared to the $130 million secured during the same period last year, according to data intelligence platform Tracxn.
This week’s tally was 63.7% lower than the $138.4 million raised in the previous week.
The deal activity also slowed significantly year-on-year (YoY), with five transactions recorded compared with 43 in the same week last year.
ETtech
