For the best experience, open
https://m.greaterkashmir.com
on your mobile browser.

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

12:00 AM May 21, 2024 IST | GK News Desk
over  239 mn raised by 26 indian startups in funding last week
Advertisement

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.

Advertisement
   

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.

Advertisement

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.

Advertisement

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

Advertisement

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.

Advertisement

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.

Advertisement

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

Advertisement

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

Advertisement
×