ETtech Deals Digest: tech slowdown continues, startup fundraising dropped 75% in January compared to last year

The subdued startup fundraising activity continued in the first month of the new year with Indian startups raising $1.18 billion in January, down 75% compared to the same period last year. January saw 122 funding rounds compared to 331 rounds during the same period last year.

On a month-on-month basis, Indian startups registered a 13% jump from December as companies received a total of $1.05 billion in funding, according to data provided by market intelligence platform Tracxn.