City
Epaper

Over $239 mn raised by 26 Indian startups in funding last week

By IANS | Updated: May 19, 2024 12:40 IST

New Delhi, May 19 More than $239 million was raised by 26 Indian startups in funding last week, ...

Open in App

New Delhi, May 19 More than $239 million was raised by 26 Indian startups in funding last week, which includes nine growth-stage deals and 15 early-stage deals.

Two early-stage startups did not disclose the amount raised, reports Entrackr.

In the week of May 6-11, around 24 early and growth-stage startups collectively raised nearly $320 million in funding.

Among the growth-stage deals, seven startups secured around $207.2 million in funding last week. Microfinance firm Annapurna Finance secured the highest funding of $72 million.

This was followed by battery tech startup Battery Smart, Propelld, which provides education loans to borrowers via online channels, and ambulance service provider Red.

Health and manufactures drones for applications in agriculture, defence, and enterprise sectors Dhaksha, which raised $45 million, $25 million, $20 million, and $18 million, respectively.

Moreover, 15 early-stage startups secured funding worth $32.5 million last week.

Domestic aggregator providing end-to-end cold-chain solutions Celcius Logistics topped the list, followed by mobility and energy solutions startup Matel, authentication and access management platform OTPless, marketing SaaS (software-as-a-service) platform Highperformr.ai, and sports tech company Stupa Sports.

The list of early-stage startups also includes -- Duro Green and Trezi, which kept the funding amount undisclosed.

City-wise, Bengaluru-based startups led with nine deals, followed by Delhi-NCR, Chennai, Mumbai, Hyderabad, Ahmedabad, and Bhubaneswar, among others.

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

InternationalTrump ready to come to negotiating table with India over trade talks, says "look forward to speaking to PM Modi"

International"Situation is one of anarchy": Former Indian diplomat Sukh Deo Mani on Nepal protests

InternationalIndia, Iran, Armenia hold 3rd trilateral consultations in Tehran

InternationalQatar denies prior warning of Israeli strike, calls US claim "baseless"

InternationalTrump "felt very badly" about location of Doha attack, but backs Hamas elimination as "worthy goal", says White House

Technology Realted Stories

TechnologyApple unveils new iPhone 17 Pro with biggest battery in any of its previous phone models ever

TechnologyApple iPhone 17 promises better camera features, higher resolution; Check new updates here

TechnologyiPhone Air: Apple launches "thinnest" iPhone ever

TechnologyApple launches Watch Series 11, SE3, Ultra 3 with new health features, more updates

TechnologyApple unveils stunning iPhone 17 lineup with thinnest-ever 'Air' showcasing pro performance