{"id":36237,"date":"2024-04-26T15:23:56","date_gmt":"2024-04-26T15:23:56","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/26\/ettech-deals-digest-startup-funding-falls-30-on-year-to-73-million-this-week\/"},"modified":"2024-04-26T15:23:56","modified_gmt":"2024-04-26T15:23:56","slug":"ettech-deals-digest-startup-funding-falls-30-on-year-to-73-million-this-week","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/26\/ettech-deals-digest-startup-funding-falls-30-on-year-to-73-million-this-week\/","title":{"rendered":"ETtech Deals Digest: Startup funding falls 30% on year to $73 million this week"},"content":{"rendered":"
\"ETtech<\/div>


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Startup funding<\/a> in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals.
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ETtech<\/span><\/figure>\n<\/div>\n

However, deal density<\/a> in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal.<\/p>\n

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<\/div>\n

<\/p>\n

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

Funding was down sequentially as well, from $103 million across 15 funding<\/a> rounds in the previous week.<\/p>\n

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

Of the total corpus raised this week, fundraises of omnichannel fashion startup<\/a> Lyskraft and logistics software provider firm LetsTransport accounted for about 65%. The former raised $26 million, while the latter raised $22 million. <\/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

Top five deals:<\/strong><\/p>\n

Lyskraft<\/a>: <\/strong>Founded by former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal, this omnichannel fashion startup raised $26 million in seed money, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch.<\/p>\n

LetsTransport<\/a>: <\/strong>The truck aggregator startup<\/a> raised $22 million in a funding round led by Bertelsmann India Investments.<\/p>\n

Accacia: <\/strong>The software platform that helps real estate asset developers track emissions and create decarbonisation solutions, raised $6.5-million led by Illuminate Financial.<\/p>\n

Dhruva Space<\/a>:<\/strong> The spacetech startup raised $9.4 million in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round. It raised about $6.4 million in the equity portion.<\/p>\n

Plane:<\/strong> The open-source project management tool startup raised $4 million in a seed round funding from OSS Capital.<\/p>\n

Flashaid<\/a>:<\/strong> The healthcare and insurtech company raised $2.5 million led by Piper Serica Angel Fund and global venture capital firm SOSV.<\/p>\n<\/div>\n


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

Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. ETtech However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about […]<\/p>\n","protected":false},"author":2,"featured_media":36238,"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":[39219,2699,10769,10768,5677,2801,2458,39220,2293,2792,39221,1513,568],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/36237"}],"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=36237"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/36237\/revisions"}],"predecessor-version":[{"id":36239,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/36237\/revisions\/36239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/36238"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=36237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=36237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=36237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}