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ETtech Deals Digest: Startup funding in March falls 37% to $623 million

Economic TimesEconomic Times · 6m
ETtech Deals Digest: Startup funding in March falls 37% to $623 million

In March 2024, technology startups secured $622.5 million in funding across 63 rounds, marking a 37% decrease compared to the previous year. The funding landscape had been challenging since September 2022. Fintech, edtech, deeptech, software-as-a-service, and healthtech sectors received the most funding. Blume Ventures emerged as the top investor by volume, supporting startups like Ultrahuman, SuperK, Optimo Loan, Vobble, and Bambrew. The overall deal volume and value declined sequentially, with the last week of March experiencing a significant drop. Notable deals included Pocket FM raising $103 million, Perfios securing $80 million, Lohum receiving $14 million, Newspace Research & Technologies collecting $52 million, and Skyflow extending its Series B funding with $30 million.

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