ETtech Deals Digest: Startup funding in March falls 37% to $623 million
economictimes.indiatimes.comfunding value of about $622.5 million in March 2024, down 37% from the same month a year ago.
Startups across stages, mostly early and late, raised the funds across 63 rounds. In March last year, they had raised a total of $990 million across 133 rounds, as per Tracxn data. The funding winter was in full force by then, having begun from September 2022.
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Offering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitMITMIT Technology Leadership and InnovationVisitThe deals across the month were almost evenly spread in ranges of 5-10 deals among sectors such as fintech, edtech, deeptech, software-as-a-service and healthtech. The ecommerce sector saw the most number of deals at 13, while food, mobility, logistics and agritech saw five or fewer deals.
Bengaluru-based Blume Ventures emerged as the topmost investor by deal volume in March. It deployed capital in startups such as health monitoring device maker Ultrahuman, supermarket chain SuperK, digital lender Optimo Loan, immersive audio experiences startup Vobble and sustainable packaging solutions startup Bambrew.
In terms of deal volume, the total stood at 63, compared to 96 in February, and 133 in March 2023. Sequentially too, deal value dipped about 10% from $695 million to $622.5 million.
In the last week of March, deal value went down to $57.3 million from $77.9 million in the same
