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Indian startup funding slowed in the third week of October, with 17 companies raising $184 Mn, a 22% dip from the previous week. AI startups led with $93.9 Mn across six deals, while healthtech attracted $60.6 Mn. Tonbo Imaging closed its IPO with a 135.9X subscription, and Blacksmith raised $66 Mn to join the unicorn club.
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Summary by ByteBrief
Indian AI Startup RevRag Raises $2.5m