City
Epaper

30 Indian startups secure $287 million in funding this week

By IANS | Updated: March 16, 2024 16:15 IST

New Delhi, March 16 The Indian startups continued to raise funds at a normal pace, and this week, ...

Open in App

New Delhi, March 16 The Indian startups continued to raise funds at a normal pace, and this week, 30 startups secured around $287 million in the country.

This included six growth-stage deals and 20 early-stage deals, Entrackr reported on Saturday.

"One growth and three early-stage startups kept their transaction details undisclosed," the report mentioned.

Last week, 27 startups had raised about $307.8 million, which included 17 early-stage and seven growth-stage companies.

Delhi-NCR-based startups led the funding with 11 deals, followed by Bengaluru with 10 deals.

B2B SaaS fintech company Perfios led the funding and became India's second unicorn of 2024 as it raised $80 million in a new funding round from Teachers' Venture Growth (TVG), a late-stage venture and growth investment arm of Ontario Teachers' Pension Plan.

Lithium-ion battery pack maker Lohum secured $54 million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners and Venture East, among others.

Healthtech startup Sugar.fit raised an additional $5 million in its Series A funding, bringing the total funding to $16 million.

AI-driven dermatology platform Cureskin raised $20 million in its Series B funding. Smart Metering company Kimbal Technologies secured $5 million in growth capital in its first-ever funding round.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentBuzz: Arbaaz Khan-Sshura Khan embrace parenthood; welcome baby girl

InternationalChina's distant-water fishing fleet is engine of environmental destruction, labour exploitation: Report

EntertainmentAnita Hassanandani wins Rannvijay Singha-hosted 'Chhoriyan Chali Gaon'

TechnologyBitcoin touches record high crossing $125,000

Other SportsWomen's WC: 'I am sure it will be 12-0 as India women are playing different brand of cricket', SKY on Pak clash

Business Realted Stories

BusinessBitcoin touches record high crossing $125,000

BusinessSri Lanka Tourism to hold roadshows in India to boost visitor arrivals

BusinessIndusInd Bank’s Q2 net advances drop 8 pc, deposits decline 5 pc

BusinessPakistan’s big Bitcoin push faces legal, energy and fraud challenges

BusinessMinistry of Commerce nominates Dr Prem Garg as member of Non-Basmati Rice Development Fund