City
Epaper

24 Indian startups raised $444 million in funding this week

By IANS | Updated: May 25, 2024 18:10 IST

New Delhi, May 25 About 24 Indian startups have raised around $444 million in funding during this week, ...

Open in App

New Delhi, May 25 About 24 Indian startups have raised around $444 million in funding during this week, which include five growth-stage deals and 14 early-stage deals.

Two early-stage startups did not disclose the amount raised, Entrackr reported on Saturday.

Last week, about 26 early and growth-stage startups collectively secured around $240 million in funding.

Among the growth-stage deals, seven startups secured around $394.21 million in funding this week. E-commerce major Flipkart secured the highest funding of $350 million from Google.

This was followed by financial services platform Navi, which raised $18 million in debt.

Other startups such as managed accommodation provider Stanza Living, rural financial services firm Save Solution, and NBFC operating in remote rural parts, Dvara KGFS, also raised funding during the week.

In addition, 14 early-stage startups secured funding worth $49.6 million during the week.

SaaS (Software-as-a-service) startup UnifyApps topped the list followed by solar energy platform Soleos Solar Energy, NBFC Varthana, and producer of high-quality Single-Walled Carbon Nanotubes (SWCNTs) NoPo Nanotechnologies.

The list of early-stage startups also includes -- Collective Artists Network, 8chili, Agrilectric, Fix My Curls, and Infinx -- which kept the funding amount undisclosed.

City-wise, Bengaluru-based startups led with 14 deals followed by Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Ludhiana, and Chennai.

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

EntertainmentBengaluru: TV Actress Manjula aka Shruthi Stabbed by Husband Over Dowry Dispute; Accused Arrested

NationalDelhi’s Radisson Blu Hotel Catches Fire at Midnight as Sauna Room Engulfed in Flames (Watch Video)

MaharashtraMaharashtra: Minor Dies of Electric Shock After Touching AC Wire in Nallasopara Society

International"Peace, stability across Taiwan Strait important for international community": Japan's Foreign Minister

International11 Chinese aircraft, 7 naval vessels, 1 ship detected near Taiwan

Technology Realted Stories

TechnologySugar & oil boards in govt offices, schools ‘excellent step’ for healthy India: Experts

TechnologyIndia’s food delivery market to see 13-14 pc growth in coming years: Report

TechnologyNifty’s closing above 25,330 could reignite bullish momentum: Experts

TechnologyAIIA’s national seminar to explore trends in Ayurvedic surgical practices

TechnologyAAIB report: Don’t jump into any conclusions at this stage, says Civil Aviation Minister