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Blume Ventures shifts strategy, cuts ‘frivolous’ investments alarmed by crises at homegrown startups such as Byju’s
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Indian startups raised $5.4 billion in the first half of 2023, a decline of more than 70% from the same period last year, according to Tracxn Technologies.
Already in 2022, funding dropped to about $27 billion from $43 billion in 2021, the report added.
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