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In the recent funding news from India, the startup ecosystem has secured $97.6 million between March 2 to 6. This amount reflects a 56% decrease from the previous week’s $219.8 million funding total. The e-commerce sector emerged as the leading recipient, attracting $39.5 million across four deals.
The funding was contributed by various investors, including Bertelsmann India Investments (BII), Bessemer Venture Partners, and Prime Venture Partners, without any single investor dominating the landscape. This week’s funding activity showcases a more subdued response compared to the rising trend seen in February.
Source: Inc42 Media