Friday, 27 December, 2024

Startup funding picks-up pace amid digitisation push

<p>VC firms, riding on the wave of faster digitisation, have stepped up funding in early-stage startups in existing offline businesses across edtech, fintech, consumer tech, healthcare, etc. &nbsp;Between Aug-Oct zs many as 101 deals worth $323 mn were formalised, compared to $180 mn across 75 deals in May-July, as per the data compiled by Venture Intelligence. Between Jan - Oct $966 mn was invested in 314 early-stage deals, down from last year&#39;s $1,203.</p>