28 Indian startups have raised over $800 million in funding this week.


New Delhi:

About 28 Indian startups in the country received $800.5 million in funding through 29 deals this week. Last week, $201.8 million was raised by Indian startups under 21 deals, as reported by INC42. Compared to that, there has been a 296 percent increase in fund receipts this week.

Let us tell you that quick commerce unicorn Zepto has announced the end of its mega funding round this week. It raised $665 million at a valuation of $3.6 billion, making it the largest funding by a company in recent times.

Among funded startups, customer services companies alone received $665 million in funding, while fintech startups received $50.3 million, alcoholic beverages startups $25 million, cleantech startups $23.9 million and enterprise tech startups $16.7 million.

‘Ay Finance’ this week led by Dutch Entrepreneur Development Bank raised Rs. 250 crore ($30 million) in funding.

Craft beer maker Beera 91 has received $50 million in funding over the past three months. In March, it raised $25 million from Tiger Pacific Capital.

Indian tech startups raised $4.1 billion in the first half of this year (January to June), up 4 percent from the $3.96 billion in the second half of 2023, according to a new report by Traxon.

(This news is not edited by the NDTV team. It is published directly from the syndicate feed.)

Leave a Reply

Your email address will not be published. Required fields are marked *