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24 Indian Startups Raise Over $320 Million in Funding This Week

24 Indian Startups Raise Over $320 Million in Funding This Week

May 11, 2024
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24 Indian Startups Raise Over $320 Million in Funding This Week

Rajeshwari R by Rajeshwari R
May 11, 2024
in Business
Reading Time: 2 mins read
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24 Indian Startups Raise Over $320 Million in Funding This Week

24 Indian Startups Raise Over $320 Million in Funding This Week

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New Delhi: Indian startups have collectively raised over $320 million in funding this week, comprising seven growth-stage deals and 13 early-stage deals.

According to reports from Entrackr, four early-stage startups opted not to disclose their fundraising amounts.

In the previous week, approximately $340 million was raised by a combination of 28 early and growth-stage startups.

Among the growth-stage deals this week, seven startups secured approximately $287 million in funding. Atlan, a firm specializing in Data and AI governance, secured the largest funding round of $105 million.

Following Atlan were NephroPlus, a dialysis chain, GreenCell Mobility, a shared electric mobility startup, K12 Techno Services, an education service provider, and Lendingkart, a lending firm, which raised $105 million, $36.7 million, $27 million, and $10 million respectively.

Additionally, 13 early-stage startups secured funding totaling $33 million during the week.

Leading the list of early-stage startups was Superplum, a direct-from-farm produce supply chain startup, followed by Poshn, a platform for wholesale buying and selling, Parseable, a log analytics startup, Cornext, supporting the fodder ecosystem for dairy cattle farmers, and Regrip, a re-engineered tire startup.

Other early-stage startups securing funding include GyanLive, QUE, trackNOW, and Food Square, with undisclosed funding amounts.

Bengaluru-based startups led the funding rounds with nine deals, followed by startups from Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Gandhinagar, Indore, and Kolkata.

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