SME Times is powered by   
Search News
Just in:   • Indian stock markets slump 2 pc amid fresh jitters as US-Iran talks fail  • “Reliable, innovative lighting for modern infrastructure.”: Raj Banakar   • Driven by Quality, Committed to Care: Vcare Medicines  • “We deliver innovative, reliable, and safety-driven door solutions.”: Kumar Appasaheb Jayagond   • “We are known for delivering durable and reliable screening solutions.”: Vinit Bohra  
Last updated: 23 Jun, 2024  

startup.9.thmb.jpg 28 Indian startups raised over $800 mn in funding this week

startup.9.jpg
   Top Stories
» Indian stock markets slump 2 pc amid fresh jitters as US-Iran talks fail
» Indian rupee gains ahead of RBI deadline to unwind positions
» Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts
» RBI holds repo rate at 5.25 pc, maintains neutral instance amid global uncertainty
» Sensex, Nifty slide 1 pc as Hormuz deadline by US rattles markets
IANS | 23 Jun, 2024

About 28 Indian startups have raised $800.5 million in funding across 29 deals this week.

This represents an increase of 296 per cent from the $201.8 million secured by the startups last week across 21 deals, reports Inc42.

Quick commerce unicorn Zepto announced the close of its mega funding round this week. It raised $665 million at a valuation of $3.6 billion, making it one of the largest funding bagged by a company in recent times.

Among the top sectors, consumer services alone raised $665 million, fintech raised $50.3 million, alcoholic beverages raised $25 million, cleantech raised $23.9 million, and enterprisetech raised $16.7 million.

Microlending platform Aye Finance raised Rs 250 crore ($30 million) this week in debt funding in a round led by FMO, the Dutch entrepreneurial development bank.

Craft beer maker Bira 91 has secured $25 million through ECB (External Commercial Borrowing) from its existing investor Kirin Holdings. Over the last three months, the firm has received $50 million in funding. In March, it raised $25 million from Tiger Pacific Capital.

Meanwhile, a new report by leading market intelligence platform Tracxn showed that Indian tech startups raised $4.1 billion in the first half this year (January to June to date), a 4 per cent increase from $3.96 billion in the second half of 2023.

--IANS

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹94.25
₹92.55
UK Pound
₹125.95
₹121.95
Euro
₹108.95
₹105.3
Japanese Yen ₹59.4 ₹57.6
As on 02 Apr, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter