SME Times is powered by   
Search News
Just in:   • Sensex climbs over 900 points, Nifty tops 22,900 on FMCG, PSU bank rally  • Piyush Goyal calls for collective efforts to make Indian products globally competitive  • S. Korea to conditionally ease diesel export restrictions amid stable crude supplies  • Procurement of 6 Rabi crops surges, MSP payments rise to Rs 8.36 lakh crore  • SEBI mulls 3rd-party monitoring of IPO fund use, shell firms pose market risk: Tuhin Kanta Pandey 
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 climbs over 900 points, Nifty tops 22,900 on FMCG, PSU bank rally
» SEBI mulls 3rd-party monitoring of IPO fund use, shell firms pose market risk: Tuhin Kanta Pandey
» India-Chile FTA ripe for conclusion, Canada talks progressing well: Piyush Goyal
» Sensex, Nifty end higher in volatile trade; metal and pharma stocks lead gains
» Govt extends RELIEF scheme for risk coverage of export shipments due to Gulf war
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
₹96.5
₹94.8
UK Pound
₹132.25
₹128.15
Euro
₹113.6
₹109.8
Japanese Yen ₹61.3 ₹59.45
As on 03 Sep, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter