ETtech Deals Digest: With funding hard to come by, startups look at convertible notes

Post-festival season gloom for Indian startups is here, and looks like it’s here to stay. Yet another week has gone by with the funding drought still continuing for startups. Investors, both institutional and angels, are looking more hesitant than ever, in backing new ventures. The current global macroeconomic climate seems to be a cause of the depletion in funding, with energy prices soaring because of geopolitical volatility and the West facing a recession.