IANS | 28 Apr, 2024
The Indian startups continued to raise funds at a normal pace, and
this week, as many as 27 startups secured nearly $222.7 million in the
country.
This included seven growth-stage deals and 17 early-stage deals, reports Entrackr on Saturday.
"Three early-stage startups did not disclose the amount raised," the report mentioned.
Last week, about 37 startups secured around $310 million in the country.
Among the growth-stage deals, seven startups raised $150.6 million in funding this week.
Financial services firm Northern Arc secured the highest amount of funding of $80 million.
This
was followed by network-as-a-service provider CloudExtel, trucking
aggregator for enterprises LetsTransport, online marketplace for
financial products BankBazaar, provider of business, property, and
school financing Clix Capital, agri-fintech platform Samunnati, and
co-working space provider Smartworks which raised $24 million, $22
million, $9.6 million, $6 million, $5 million, and $4 million,
respectively.
Moreover, 17 early-stage startups collectively secured $72.08 million in funding during this week.
Omni-channel
fashion brand Lyskraft topped the list followed by space-tech startup
Dhruva Space, real estate and infra decarbonisation platform Accacia,
B2C credit management firm CheQ, and an open-source project management
platform Plane.
The list also includes startups such as a provider
of Solar EPC solutions Soleos Solar Energy, healthcare and insurtech
firm FlashAid, elder care startup bubble tea and other food items
platform Boba Bhai, sustainable container logistics and supply chain
optimisation startup MatchLog, among others.
