Business

Over $320 mn raised by 24 Indian startups this week

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

New Delhi: More than $320 million has been raised by 24 Indian startups in funding this week, which includes 7 growth-stage deals and 13 early-stage deals.

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

Last week, around 28 early and growth-stage startups collectively raised nearly $340 million in funding.

Among the growth-stage deals, seven startups secured around $287 million in funding this week. Data and AI governance firm Atlan secured the highest funding of $105 million.

This was followed by the dialysis chain NephroPlus, shared electric mobility startup GreenCell Mobility, education service provider K12 Techno Services, and lending firm Lendingkart, which raised $105 million, $36.7 million, $27 million, and $10 million, respectively.

Moreover, 13 early-stage startups secured funding worth $33 million during the week.

Direct-from-farm produce supply chain startup Superplum topped the list followed by a platform for wholesale buying and selling Poshn, log analytics startup Parseable, fodder ecosystem to support dairy cattle farmers, Cornext, and re-engineered tyre startup Regrip.

The list of early-stage startups also includes — GyanLive, QUE, trackNOW, and Food Square, which kept the funding amount undisclosed.

City-wise, Bengaluru-based startups led with nine deals followed by Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Gandhinagar, Indore and Kolkata.

This post was last modified on May 11, 2024 4:19 pm

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Indo-Asian News Service

Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.

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