Indian Startups
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Indian Startup Ecosystem: 21 Ventures Raise Exceed $100 Million in Weekly Funding
In total, around $172.71 million was raised collectively by 30 startups in both early and growth stages in the preceding week. Among the growth-stage deals, six startups managed to raise $54.5 million, with the compliance automation platform Sprinto leading the pack with a substantial funding of $20 million. Following closely were Recykal, a B2B waste management and recycling marketplace, AVIOM HFC, Axio, and 5C Network, securing $13 million, $10 million, $6 million, and $3 million respectively.
Indian Startups Raise Over $447 Million in Funding: Highlights from Last Week
Among these, nine deals were classified as growth-stage, while 11 were considered early-stage, with two transactions kept undisclosed, as highlighted in the report.
Indian Startup Ecosystem Flourishes: $308 Million Raised by 27 Startups in Recent Funding Surge
Early-stage startups accounted for about $166.8 million of the total funding, with notable names such as mPokket, Ema, Hunch, and Rozana securing investments. Delhi-NCR emerged as the frontrunner in terms of deal activity, with 10 startups based in the region securing funding, followed closely by Bengaluru with nine deals.
Large Indian firms 2.3X more likely than startups to have responsible AI practices
Around two-third of businesses in sectors such as BFSI, technology, media, and telecom (TMT) and healthcare reported having either matured RAI practices or having initiated formal steps towards RAI adoption.
Indian Startups Witness Over 35,000 Job Losses, Continued Cuts Expected in 2024
The year 2022 saw a significant workforce reduction within Indian startups, with more than 18,000 employees being let go, spanning various sectors.
India's Tech Startups Witness Lowest Funding in 5 Years, Produce Only 2 Unicorns in 2023
Funding reductions spanned all stages: late-stage saw a 73% dip, followed by early-stage (70%) and seed-stage (60%).
Venture debt fund ValuAble announces first fund with Rs 850 cr corpus
“With ValuAble, we don’t want to be just lenders; we want to be partners in the entrepreneurial journey of different startups. Our core philosophy is to be enablers for businesses, providing them with the necessary resources, mentorship, and tools to not only secure capital but also to foster sustainable growth,” said Gupta, Founder and Managing Partner at ValuAble.
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