{"id":24952,"date":"2024-04-12T14:32:18","date_gmt":"2024-04-12T14:32:18","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/12\/ettech-deals-digest-startup-funding-plummets-80-on-year-to-45-million-this-week\/"},"modified":"2024-04-12T14:32:18","modified_gmt":"2024-04-12T14:32:18","slug":"ettech-deals-digest-startup-funding-plummets-80-on-year-to-45-million-this-week","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/12\/ettech-deals-digest-startup-funding-plummets-80-on-year-to-45-million-this-week\/","title":{"rendered":"ETtech Deals Digest: startup funding plummets 80% on year to $45 million this week"},"content":{"rendered":"
\"ETtech<\/div>


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Startup funding<\/a> in the second week of April 2024 declined by about 80% from the same period a year ago, totalling $45 million across 10 deals.<\/p>\n

Deal density in the latest week went down to about $4.5 million per deal, as per Tracxn data. During April 6 to April 12, 2023, startups had raised about $7.4 million per deal.<\/p>\n

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Funding was down sequentially as well, from $58.8 million across 20 funding<\/a> rounds in the previous week.<\/p>\n

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ETtech<\/span><\/figure>\n<\/div>\n

Of the total corpus raised this week, artificial intelligence (AI) cloud and platform-as-a-service startup Neysa accounted for about 44%. It raised $20 million in a funding round led by Matrix Partners India, Nexus Venture Partners and NTTVC.<\/p>\n

Seed-stage startups commanded 59.2%, raising $26.7 million. Early-stage startups raised $18.4 million, accounting for the remaining 40.8%. There were no late-stage or private equity deals through the week.<\/p>\n

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Discover the stories of your interest<\/h3>\n<\/div>\n
<\/span><\/span><\/div>\n<\/div>\n<\/section>\n<\/div>\n

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ETtech<\/span><\/figure>\n<\/div>\n

Top five deals:<\/b>Neysa: <\/b>The company, the second venture of data centre services provider Netmagic founder Sharad Sanghi, a Mumbai-based artificial intelligence (AI) cloud and platform-as-a-service startup, raised $20 million.<\/a><\/p>\n

Recykal: <\/b>The business-to-business waste management and recycling marketplace raised about $13 million from a Category II scheme managed by 360 ONE Asset Management.<\/p>\n

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\"TopETtech<\/span><\/figure>\n<\/div>\n

Planys Technologies: <\/b>The IIT Madras Incubation Cell deeptech startup raised about $5 million in an equity infusion led by investor Ashish Kacholia.<\/p>\n

Arrivae: <\/b>The home improvement firm raised about $2.5 million<\/a> from CaratLane founder Mithun Sacheti in an equity round.<\/p>\n

EyeMyEye: <\/b>The eyewear e-tailer raised about $2.5 million.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Startup funding in the second week of April 2024 declined by about 80% from the same period a year ago, totalling $45 million across 10 deals. Deal density in the latest week went down to about $4.5 million per deal, as per Tracxn data. During April 6 to April 12, 2023, startups had raised about […]<\/p>\n","protected":false},"author":2,"featured_media":24953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-42031747\/et-logo.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[2699,10769,10768,2801,2458,30080,2804,2293,30079,2792,30078,1513,568],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/24952"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=24952"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/24952\/revisions"}],"predecessor-version":[{"id":24954,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/24952\/revisions\/24954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/24953"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=24952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=24952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=24952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}