Leading the way in the growth stage space is compliance automation platform Sprinto, which has secured a whopping $20 million in funding. Not far behind are venture companies such as Recykal, AVIOM HFC, Axio, and 5C Network, for which he received funding of $13 million, $10 million, $6 million, and $3 million, respectively.
Indian startup secures USD 105 million in investment funding (Image source: iStockphoto)
We’ve seen a steady flow this week. investment21 ventures secured significant funding totaling nearly $105 USD a million In the evolving landscape, all over the country indian startup
As reported by Entrackr, there was a lot on display this week. funding Activity includes 6 growth-stage transactions and 12 early-stage investments. Notably, details of one growth-stage investment and two early-stage investments remain undisclosed, adding an air of intrigue to the proceedings.
The previous week also proved fruitful for startups, with around 30 companies raising a combined total of around US$172.71 million. Growth-stage initiatives continued to be in the spotlight this week, with six startups raising a combined $54.5 million in funding.
Leading the way in the growth stage space is compliance automation platform Sprinto, which has secured a whopping $20 million in funding. Not far behind are venture companies such as Recykal, AVIOM HFC, Axio, and 5C Network, for which he received funding of $13 million, $10 million, $6 million, and $3 million, respectively.
Early-stage startups also rose to prominence, attracting a combined $50 million in investment. Notable winners include Neysa, an AI cloud and platform-as-a-service startup, GTM Buddy, an AI-powered revenue enablement platform, Planys Technologies, an underwater vision inspection service provider, and Pediatric Behavioral and Developmental Health Management. Includes Butterfly Learnings.
City-wise, Bengaluru leads the way with 8 fundings, followed closely by Mumbai, Delhi-NCR, Chennai, Kanpur and Hyderabad, reflecting the wide geographical spread of startup activity across the country. was highlighted.
(With inputs from IANS agency)
