Startup Funding in India 2024: 27 Indian Startups Raise Over USD 340 Million in Funding This Week; Check More Details
In early-stage funding, food-agri startup Fresh From Farm (F3) raised $2 million with participation from Inflection Point Ventures, aiming to reach Rs 100 crore annual recurring revenue (ARR) by the end of year.
New Delhi, May 4: From IPO-bound healthtech platform Pharmeasy to digital lending startup Kinara Capital, at least 27 startups in the country raised more than $340 million in funding this week. The deals in the domestic startup ecosystem included nine growth-stage deals and 11 early-stage ones.
PharmEasy raised $216 million in a round led by Manipal Education and Medical Group (MEMG), along with others. Kinara Capital secured $24.4 million from Impact Investment Exchange (IIX) and BlueOrchard Microfinance Fund. In the healthcare space, Portea Medical secured $19.87 million via a rights issue. Electric vehicle (EV) startup Charge Zone also raised $19 million from British International Investment (BII). Indian Tech Companies Starting To Create Global Impact, Transition Already Happening in Country at Fast Pace: SAP’s President and MD Manish Prasad.
In early-stage funding, food-agri startup Fresh From Farm (F3) raised $2 million with participation from Inflection Point Ventures, aiming to reach Rs 100 crore annual recurring revenue (ARR) by the end of year. US Spacetech Startup Hubble Network Establishes Bluetooth Connection Directly With a Satellite 600 Kilometres Away for First Time.
At least 11 early-stage startups raised about $30.31 million this week, according to Entrackr data. Bengaluru led the startup funding with nine deals, followed by Delhi-NCR and Mumbai. Last week, nearly 27 startups had secured $222.7 million.
(The above story first appeared on LatestLY on May 04, 2024 06:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).