Sunday, July 14, 2024

Over $239 Million Raised by 26 Startups in Last Week

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More than $239 million was raised by 26 Indian startups in last week’s funding. This included nine growth-stage deals and 15 early-stage deals. However, two early-stage startups did not disclose the amount they raised.

During the week of May 6-11, around 24 early and growth-stage startups collectively raised nearly $320 million. Among the growth-stage deals, seven startups secured approximately $207.2 million in funding.

The highest funding was secured by the microfinance firm Annapurna Finance, which raised $72 million.

funding related documents laptop pen and diary on table

Following Annapurna Finance, other significant deals included Battery Smart, a battery tech startup, which raised $45 million. Propelld, a company that provides education loans online, secured $25 million. Red.Health, an ambulance service provider, raised $20 million. Dhaksha, a drone manufacturer for agriculture, defense, and enterprise sectors, received $18 million.

In the early-stage category, 15 startups raised a total of $32.5 million. Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, topped the list of early-stage deals.

Other notable early-stage startups included Matel, a mobility and energy solutions startup, OTPless, an authentication and access management platform, Highperformr.ai, a marketing SaaS (software-as-a-service) platform, and Stupa Sports, a sports tech company.

$239 Million startups funding round

Duro Green and Trezi, two early-stage startups, did not disclose their funding amounts.

City-wise, Bengaluru-based startups led the way with nine deals. They were followed by startups in Delhi-NCR, Noida, Chennai, Mumbai, Hyderabad, Ahmedabad, and Bhubaneswar.

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