Indian startups raised nearly $176 million across 16 deals in July 1st week

Top Stories

»	US keen to finalise trade deal with S. Korea as soon as possible
»	India won’t rush into a trade deal: Piyush Goyal
»	Strong Q2 growth, GST reforms to help India’s growth expand at 6.6 pc this year: IMF
»	SOAR laying foundation for digitally inclusive, competitive, and self-reliant India: Govt
»	UPI transactions surge to Rs 94,000 crore daily in Oct, set for record festive month

IANS | 06 Jul, 2024

The Indian startup ecosystem raised nearly $176 million in funding across 16 deals in the first week of this month.

In the biggest funding round, fashion e-commerce platform Purplle secured $120 million led by Abu Dhabi Investment Authority.

Agri-tech startup Arya.ag also announced to raise $29 million led by impact investment firm Blue Earth Capital.

Video telematics startup Cautio also announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures and AU Small Finance Bank.

Homegrown startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.

Also, the fintech ecosystem achieved a significant milestone in the first half of this year by ranking among the top three funded globally, alongside the US and the UK.