Over $172 Million In Funding Raised By 30 Indian Startups Last Week - Eastern Mirror
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Over $172 million in funding raised by 30 Indian startups last week

6091
By IANS Updated: Apr 07, 2024 4:26 pm
Over $172 million in funding raised by 30 Indian startups last week
Over $172 million in funding raised by 30 Indian startups last week (IANS)

NEW DELHI — The Indian startups continued to raise funds at a normal pace, and last week, as many as 30 startups secured over $172.71 million in the country.

This included eight growth-stage deals and 16 early-stage deals, reports Entrackr.

“As many as six early-stage startups did not disclose the amount raised,” the report mentioned.

About 17 early and growth-stage startups collectively raised around $125.73 million in the week of March 25-30.

Also read: Over $447 million in funding raised by 22 Indian startups last week

Among the growth-stage deals, eight startups raised $130.1 million in funding last week.

Ola Electric, led by Bhavish Agarwal, secured the highest amount of debt funding of $50 million.

Hyperlocal marketing-to-commerce software platform SingleInterface, NBFC Infinity Fincorp, housing finance company Nivara Home Finance, payment gateway and point of sales provider Innoviti, and digital banking infrastructure firm M2P Fintech secured $30 million, $26 million, $10 million, $4.8 million, and $4.2 million in funding, respectively.

Moreover, 16 early-stage startups collectively secured $42.61 million in funding.

D2C health and wellness brand Traya topped the list followed by full-stack retailer of used two-wheelers BeepKart, AI platform SiftHub, deep-tech startup Planys, and full-stack metal supply-chain platform Metalbook.

City-wise, Bengaluru-based startups led with 11 funding deals followed by Mumbai, Delhi-NCR, Chennai, and Hyderabad.

6091
By IANS Updated: Apr 07, 2024 4:26:18 pm
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