The absence of large deals during the fourth week of October saw venture funding decline drastically. The weekly venture investment into Indian startups in the fourth week of October dramatically declined as compared to the third week, with not a single investment crossing the $10 million mark. The total funding during the week stood at $20 million, a 88 percent decline compared to the previous week. As has been the trend since the COVID-19 pandemic this year, venture investments show an increase whenever a unicorn or soonicorn receives funding. A total of 13 deals were signed during the week, of which 10 were in the early-stage while the rest in growth-stage categories.

(Your Story)