Startup funding falls to 46 million in a week down 66 percent year on year

Downshifts in funding hit startups hard this week

Startups raised about $46 million in the week ending 17 February, a sharp drop from the $135 million raised in the same period last year, according to Tracxn data. The steep 66% year-on-year decline signals a cooling funding environment as investors become more selective and deal flows slow.