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startup funding: ETtech Deals Digest: Startup funding falls 30% on year to $73 million this week
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
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Dhruva Space Secures USD 9 Mn Funding from IAN Alpha Fund, Technology Development Board, and Others
The Hyderabad-based platform aims to deploy the raised funds for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings.
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As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN
As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...