[Weekly funding roundup] – Startup funding activity declines this week, but early-stage deals catch investor attention
Even as election fever gripped India this week, startup funding activity saw a significant slowdown in the third week of April. A total of $38.5 million was raised across 13 deals, an 85 percent dip in total deal value compared to the previous week, when startups bagged $262 million in investments across 22 deals.
- Even as election fever gripped India this week, startup funding activity saw a significant slowdown in the third week of April.
- A total of $38.5 million was raised across 13 deals, an 85 percent dip in total deal value compared to the previous week , when startups bagged $262 million in investments across 22 deals.
- Startup funding activity in week ending April 20 was dominated predominantly by early-stage deals , with Hyderabad-based enterprise software platform, Innovapptive , seeing the largest infusion ($16.3 million) and Tiger Global Management entering as an investor.
- What is interesting is that the third week of April didn't see any late-stage deals, with almost all deals falling under the pre-Series A and Series A stages.