SME Times is powered by   
Search News
Just in:   • Large-scale procurement of pulses, oilseeds approved for 4 states; UP biggest beneficiary  • Net direct tax collections surges 14.6 pc to Rs 5.21 lakh crore  • Seoul stocks sharply up on chip rally  • 'Part of efforts to empower Yuva Shakti': PM Modi to distribute incentives worth Rs 2,400 crore under PM-VBRY  • Sensex, Nifty open lower as IT shares drag markets 
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
» Sensex, Nifty open lower as IT shares drag markets
» Trump declares Iran deal complete, orders Hormuz reopening
» Fuel price pain may persist even if US-Iran deal eases tensions
» Centre exempts nuclear power goods from customs duty for past imports
» Indian markets trade higher despite West Asia tensions
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
₹94.2
₹92.5
UK Pound
₹128.85
₹124.8
Euro
₹112.2
₹108.45
Japanese Yen ₹59.85 ₹58
As on 06 May, 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