[Weekly funding roundup Oct 17-23] VC funding falls below $100M amid lack of big deals
Indian startups raised only $96 million across 15 deals in the third week of October, marking a sharp decline from $180 million the previous week. Even Healthcare's $50 million Series funding from Khosla Ventures and Alpha Wave was the only significant transaction; remaining deals were valued at $11 million or less. This is the eighth week in 2024 with sub-$100M VC funding, reflecting ongoing capital-raising challenges in the Indian startup ecosystem.
Key points
- Weekly VC funding dropped to $96M across 15 deals
- Steep decline from $180M raised previous week
- Even Healthcare's $50M round was largest deal of the week
- Eighth week this year falling below $100M threshold
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