Indian Startups Secure $9.2 Billion in VC Funding from January to October: Report
Kumar Manoj -
Deal volumes rose 5.8 per cent during the same period, indicating a renewed investor confidence in the market. The same period in 2023 saw 930 VC deals worth $6.4 billion.
Indian Startup Ecosystem: 21 Ventures Raise Exceed $100 Million in Weekly Funding
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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
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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
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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
IANS -
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
Ashlin Rajan -
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
Newsmen Business Desk -
Funding reductions spanned all stages: late-stage saw a 73% dip, followed by early-stage (70%) and seed-stage (60%).
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