Lohum secures $24 million in a funding round amid a week of declining startup investments in India. The capital will help the company expand its operations and product offerings.

Lohum, one of the week’s largest funding recipients, raised $24 million as part of the ongoing investment activity in the Indian startup ecosystem. This funding comes amidst an overall decline in capital raised, with significant downturns in both early and late-stage investments. Despite the challenging environment, Lohum's successful round demonstrates continued investor interest in the sector. The funding will be utilized to strengthen Lohum's market position and enhance its offerings.