IANS | 05 May, 2024
From IPO-bound healthtech platform Pharmeasy to digital lending
startup Kinara Capital, at least 27 startups in the country raised more
than $340 million in funding this week.
The deals in the domestic startup ecosystem included nine growth-stage deals and 11 early-stage ones.
PharmEasy raised $216 million in a round led by Manipal Education and Medical Group (MEMG), along with others.
Kinara Capital secured $24.4 million from Impact Investment Exchange (IIX) and BlueOrchard Microfinance Fund.
In
the healthcare space, Portea Medical secured $19.87 million via a
rights issue. Electric vehicle (EV) startup Charge Zone also raised $19
million from British International Investment (BII).
In
early-stage funding, food-agri startup Fresh From Farm (F3) raised $2
million with participation from Inflection Point Ventures, aiming to
reach Rs 100 crore annual recurring revenue (ARR) by the end of year.
At least 11 early-stage startups raised about $30.31 million this week, according to Entrackr data.
Bengaluru led the startup funding with nine deals, followed by Delhi-NCR and Mumbai.
Last week, nearly 27 startups had secured $222.7 million.
