Indica News Bureau –
Indian startups continue to raise funding at a normal pace, with as many as 30 startups securing over $172.71 million in the country last week. This includes eight growth-stage deals and 16 early-stage deals, according to Entrackr. “As many as six early-stage startups have not disclosed the amount raised,” the report said.
About 17 early and growth-stage startups collectively raised about $125.73 million during the week of March 25-30. Among growth-stage deals, eight startups raised $130.1 million in funding last week.
Ola Electric, led by Babish Agarwal, has secured the highest debt financing of $50 million. Hyperlocal marketing-to-commerce software platform SingleInterface, NBFC Infinity Fincorp, housing finance company Nivara Home Finance, payment gateway and POS provider Innoviti, and digital banking infrastructure company M2P Fintech for $30 million, $26 million, and $1,000. They raised $4.2 million, $4.8 million, and $4.2 million, respectively.
Additionally, 16 early-stage startups secured a combined $42.61 million in funding. Direct-to-consumer health and wellness brand Traya topped the list, followed by full-stack used two-wheeler retailer BeepKart, AI platform His SiftHub, deep tech startup Planys, and full-stack metal supply chain platform Metalbook.
City-wise, Bengaluru-based startups signed 11 funding deals, followed by Mumbai, Delhi-NCR, Chennai and Hyderabad.
