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.
