IANS | 26 May, 2024
About 24 Indian startups have raised around $444 million in funding
during this week, which include five growth-stage deals and 14 early-stage
deals.
Two early-stage startups did not disclose the amount raised, Entrackr
reported on Saturday.
Last week, about 26 early and growth-stage startups collectively secured
around $240 million in funding.
Among the growth-stage deals, seven startups secured around $394.21
million in funding this week. E-commerce major Flipkart secured the highest
funding of $350 million from Google.
This was followed by financial services platform Navi, which raised $18
million in debt.
Other startups such as managed accommodation provider Stanza Living,
rural financial services firm Save Solution, and NBFC operating in remote rural
parts, Dvara KGFS, also raised funding during the week.
In addition, 14 early-stage startups secured funding worth $49.6 million
during the week.
SaaS (Software-as-a-service) startup UnifyApps topped the list followed
by solar energy platform Soleos Solar Energy, NBFC Varthana, and producer of
high-quality Single-Walled Carbon Nanotubes (SWCNTs) NoPo Nanotechnologies.
The list of early-stage startups also includes -- Collective Artists
Network, 8chili, Agrilectric, Fix My Curls, and Infinx -- which kept the
funding amount undisclosed.
City-wise, Bengaluru-based startups led with 14 deals followed by
Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Ludhiana, and Chennai.