The World Opinion

Tag: Indian startups

  • 21 Indian Startups Raise Nearly $187 Million This Week | Economy News

    New delhi: The Indian startup ecosystem raised around $187 million in funding this week, that included four growth-stage and 13 early-stage deals.At least 21 domestic startups cumulatively raised $187 million across 10 deals between October 21-26. Last week, 39 early and growth-stage startups had raised around $450 million in funding. This week, Singapore’s sovereign wealth fund Temasek made an additional investment of $60 million in edtech platform Upgrad.

    Healthtech platform Healthify announced the closure of $45 million round, led by existing investor Khosla Ventures, and LeapFrog Investments with new participation from Claypond Capital (family office of Indian healthcare billionaire Ranjan Pai). This takes Healthify’s total primary equity raise to approximately $125 million so far.

    Dairy technology startup Stellapps Technologies raised $26 million in series C funding in a mix of equity and debt. The round saw participation from existing investors Blume Ventures, Omnivore, Bill and Melinda Gates Foundation, IDH Farmfit Fund, 500 Startups, and Blue Ashva Capital.

    D2C bags and luggage brand Zouk raised $10 million in Series B round was led by Aavishkaar Capital, and also saw participation from existing investors such as Stellaris Venture Partners, Titan (NS:TITN) Capital, Sharrp Ventures and the JJ Family.

    Generative AI startup Neysa secured $30 million in Series A funding, co-led by existing investors NTTVC, Z47 (fka Matrix Partners India) and Nexus Venture Partners. This investment builds on Neysa’s successful $20 million seed round earlier this year.

    Meanwhile, workplace technology provider Oliod secured $6 million led by Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, and Carya Ventures. Mumbai-based startups led with nine deals, followed by Bengaluru, Delhi-NCR, Pune and Chennai. The average funding in the last eight weeks stands at around $315.51 million.

  • Funding Momentum Bounces Back For Indian Startups With Over 300% Jump | Economy News

    New Delhi: The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals — an over 300 per cent jump from the $135 million raised last week. 

    This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a surge of 48.8 per cent from previous week’s $17.8 million, which means that investment activity in the startup ecosystem gained momentum.

    Edtech startup Eruditus raised $150 million led by TPG’s The Rise Fund, with participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative.

    “With this investment, we’re excited to continue to grow and innovate to meet market demand,” said Ashwin Damera, CEO, Eruditus and Emeritus (the parent company). Omnichannel beauty platform Purplle extended its latest funding round by Rs 500 crore to make a final close at Rs 1,500 crore (around $180 million). The overall round was led by Abu Dhabi Investment Authority (ADIA), and saw participation from existing investors such as Premji Invest and Blume Ventures.

    GIVA Jewellery announced the successful closure of its extended Series B funding round, garnering Rs 255 crore from esteemed investors at a higher valuation, which was spearheaded by Premji Invest, EPIQ Capital, Edelweiss Discover Fund and the top management of GIVA.

    Software-as-a-service (SaaS) startup bagged $30 million in a round led by Eight Roads Ventures, which also saw participation from Elevation Capital and 3one4 Capital. Meanwhile, the Indian fintech startup ecosystem secured $778 million in funding in the July-September period, reaching second spot globally after the US in terms of fintech funding raised in the third quarter.

    This also marks a 66 per cent increase from the $471 million raised in Q3 last year and an impressive 165 per cent surge from the $293 million raised in Q2 this year, according to the report by Tracxn, a SaaS-based market intelligence platform.

  • 32 Indian Startups Raise $135 Million In Funding This Week | Economy News

    New Delhi: At least 32 domestic startups secured nearly $135 million in funding this week, which saw four growth-stage deals and 22 early-stage deals in a significant jump of over 45 per cent from last week. 

    Deeptech startups emerged as leader this week as Industrial robotics maker Haber raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital.

    Software-as-a-service (SaaS) platform Spry Therapeutics raised $15 million led by Flourish Ventures, Together Fund and Fidelity’s Eight Roads and F-prime Capital.

    Cross-border speciality chemical manufacturing platform Mstack raised $40 million in its Series A funding round co-led by Lightspeed and Alphawave along with a debt from HSBC Innovation Banking. Mstack is now planning to make inroads into agrochemicals and pharmaceuticals. With the fresh proceeds, the firm will also hire talents across functions including R&D.

    Meanwhile, digital adoption platform (DAP) Whatfix introduced a $58 million liquidity programme for its employees and investors, marking the company’s fourth buyback of employee stock options (ESOPs).

    This week, Bengaluru-based startups led with 11 deals followed by Delhi-NCR, Mumbai and Pune. Last week, 21 startups in India raised nearly $93 million in funding across 16 deals, which included four growth-stage deals and 12 early-stage fundings. It was a big drop from nearly $461 million raised by 29 domestic startups in the previous week, which included 10 growth-stage deals.

    In the third quarter (July-September), domestic startups raised more than $4 billion, including several transactions over $300 million and $200 million, along with pre-IPO rounds. This included 85 growth and late-stage deals worth $3.3 billion, along with 207 early-stage deals worth $754.26 million.

  • Indian Startups Raise More Than 348 Million Dollars Funding This Week | Economy News

    New Delhi: The Indian startup ecosystem raised more than $348 million in funding this week, as the growth momentum for the industry continued for a second consecutive week. The Indian startups collectively secured $348 million across 19 deals this week, compared to $466 million raised by 16 startups in the previous week.

    The week was led by ride-sharing platform Rapido which raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by WestBridge Capital. The company said it will use funds to expand its operations across India and scale its technology platform to enhance service delivery.

    Rapido plans to grow its operations across all categories, including bike taxis, three-wheelers, and taxi cabs. Leading digital platform for trade finance Drip Capital secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank.

    Lending platform Moneyview also reportedly raised approximately $30 million in debt through private placements. In August, startups raised about $1.6 billion across 112 deals, which included 27 growth-stage deals worth $1.32 billion and 71 early-stage deals worth $267 million.

    This year, the ecosystem witnessed a surge in large funding rounds (over $100 million). There have been 13 funding rounds valued at over $100 million. Startups like Zepto, Rapido, Lenskart, Flipkart, Meesho and PharmEasy have raised funding in these rounds.

    Quick e-commerce company Zepto raised two rounds of funding of one billion dollars ($340 million + $665 million) in 2024. The company had last raised $340 million in funding at a valuation of $5 billion.

    An eyewear major, Lenskart has also raised funding of $200 million so far in 2024. The valuation of the company is around $5 billion.

  • Over $100 Million In Funding Raised By 21 Indian Startups This Week | Companies News

    New Delhi: The Indian startups continued to raise funds at a normal pace, and this week, as many as 21 startups secured nearly $105 million in the country. This included six growth-stage deals and 12 early-stage deals, reports Entrackr on Saturday.

    “One growth-stage startup and two early-stage startups did not disclose the amount raised,” the report mentioned. About 30 early and growth-stage startups collectively raised around $172.71 million last week. Among the growth-stage deals, six startups raised $54.5 million in funding this week. (Also Read: Govt Directs E-commerce Platforms To Remove Bournvita From ‘Healthy Drinks’ Section)

    Compliance automation platform Sprinto secured the highest amount of funding of $20 million. This was followed by business-to-business (B2B) waste management and recycling marketplace Recykal, housing finance firm AVIOM HFC, digital lender Axio, and medical diagnostics platform 5C Network which raised $13 million, $10 million, $6 million, and $3 million, respectively. (Also Read: Vodafone Idea Announces Rs 18,000 Crore FPO; Offer Opens On Apr 18)

    Moreover, 12 early-stage startups collectively secured $50 million in funding during this week. Artificial intelligence (AI) cloud and platform-as-a-service startup Neysa topped the list followed by AI-powered revenue enablement platform GTM Buddy, underwater visual inspection services provider Planys Technologies, and underwater visual inspection services provider Planys Technologies.

    The list further includes paediatric behavioural and developmental health firm Butterfly Learnings, electric mobility platform AutoNxt Automation, the full stack eyewear platform, EyeMyEye, elder care startup Age Care Labs, and healthcare startup PlatinumRx, among others. City-wise, Bengaluru-based startups led with 8 funding deals followed by Mumbai, Delhi-NCR, Chennai, Kanpur and Hyderabad.

  • Over $172 Million In Funding Raised By 30 Indian Startups Last Week | Companies News

    New Delhi: The Indian startups continued to raise funds at a normal pace, and last week, as many as 30 startups secured over $172.71 million in the country. This included eight growth-stage deals and 16 early-stage deals, reports Entrackr.

    “As many as six early-stage startups did not disclose the amount raised,” the report mentioned. About 17 early and growth-stage startups collectively raised around $125.73 million in the week of March 25-30. Among the growth-stage deals, eight startups raised $130.1 million in funding last week. (Also Read: New Zealand Implements Immediate Work Visa Restrictions With New Rules; Check Out Key Changes)

    Ola Electric, led by Bhavish Agarwal, secured the highest amount of debt funding of $50 million. Hyperlocal marketing-to-commerce software platform SingleInterface, NBFC Infinity Fincorp, housing finance company Nivara Home Finance, payment gateway and point of sales provider Innoviti, and digital banking infrastructure firm M2P Fintech secured $30 million, $26 million, $10 million, $4.8 million, and $4.2 million in funding, respectively. (Also Read: Four Of Top 10 Valued Firms Add Rs 1.71 Lakh Cr To Mcap; HDFC Bank, LIC Lead Gainers)

    Moreover, 16 early-stage startups collectively secured $42.61 million in funding. D2C health and wellness brand Traya topped the list followed by full-stack retailer of used two-wheelers BeepKart, AI platform SiftHub, deep-tech startup Planys, and full-stack metal supply-chain platform Metalbook. City-wise, Bengaluru-based startups led with 11 funding deals followed by Mumbai, Delhi-NCR, Chennai, and Hyderabad.

  • Startup Mahakumbh: Top Indian Women Founders To Share Innovation Stories At Mega Event |

    New Delhi: The much-awaited 'Startup Mahakumbh,' the largest celebration of Indian startups, will witness top women founders who will share their innovation stories and highlight their pivotal role within the ecosystem.

    The event, themed 'Bharat Innovates,' is scheduled to be held from March 18-20 at Bharat Mandapam and Pragati Maidan. Women leaders, including Nivruti Rai, MD & CEO of Invest India; Falguni Nayar, Founder & CEO of Nykaa; Nidhi Pant, Co-founder of S4S Technologies; Ghazal Alagh, Co-founder of Mamaearth, among others, will share their expertise on fostering innovation, scaling businesses effectively, and navigating the entrepreneurial journey.

    STARTUP MAHAKUMBH, a showcase of the vibrant startup ecosystem in India.

    18th-20th March 2024 | Bharat Mandapam pic.twitter.com/XsdgDMzq56 — Piyush Goyal Office (Modi's family) (@PiyushGoyalOffc) February 27, 2024

    “At Startup Mahakumbh, we're not just showcasing startups; we're enabling an ecosystem where women lead with resilience and creativity, driving forward the global narrative of Indian entrepreneurship,” said Debjani Ghosh, President of Nasscom, who will be present at the event, in a statement. (Also Read: Sensex Crosses 74,000 Mark For First Time)

    “Startup Mahakumbh showcases the critical role of women in shaping an inclusive future for the startup community. We aim to inspire and nurture the spirit of entrepreneurship among young women, encouraging them to lead with innovation,” added Archana Jahagirdar, Member of the Organizing Committee. , Startup Mahakumbh.

    The event is reflective of India's growth story, said Commerce and Industry Minister Piyush Goyal last month. The Minister said that the startup sector has proved its capability to innovate with ideas across various sectors like mobility, food, textiles, etc.

    The premier gathering will also bring together a diverse group of participants from the startup ecosystem, including startups, incubators, venture capitalists, accelerators, who will facilitate insightful discussions across sectors including AI + SaaS, D2C/consumer brands, agritech, fintech, deep tech , biotech and pharma, incubators, climate tech, e-sports, and B2B manufacturing. (Also Read: RBI's New Guideline On Credit Card; Directs Banks To Allow Customers To Choose From Multiple Card Networks)

    The event will also feature an exhibition of over 1000+ startups, 10+ thematic tracks, 1000+ investors, 500+ incubators & accelerators, 5000+ conference delegates, 10+ country delegations, 5000+ future entrepreneurs, and 40,000+ business visitors.

  • Google Play Store: 8 out of 10 Indian Companies Return After Compliance With New Policy |

    By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalize ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.

    Accept All Cookies

    Manage Consent Preferences