Startups funding in India declined by 40% in 2024 from January to March compared to the previous year, totaling $2 billion. Two new unicorns emerged in 2024. Investors are optimistic about the startup ecosystem s potential for rapid recovery and growth.
Butterfly Learnings plans to use the funds to “extend its reach across multiple states and cities in India through a 200-center network,” it said in a statement. Butterfly Learnings had raised $2 million in its 2022 seed funding round.
During this week, deal density went down to about $4.5 million per deal, as per Tracxn data. During April 6 to April 12, 2023, startups had raised about $7.4 million per deal.
The fund will have a 12-year lifecycle. The $200 million fund will offer flexible ticket sizes ranging from $5 million to $15 million in a mix of early- to growth-stage startups. It plans to invest in 15-20 startups with the latest fund.