Startup funding rises 23% on year to $326 million this week

Technology startups logged funding worth about $326.1 million in the first week of June, a 22.6% increase on year. A $200-million deal at eyewear retailer Lenskart accounted for over 61% of the overall activity.

Startups, mostly late-stage, raised funds from 16 rounds, as per Tracxn data. In the same period, a year ago – June 1 to 7, 2023 – they had raised a total of $266 million. The funding winter was in full force by then, having set in from September 2022.