(MENAFN-IANS) New Delhi, July 6 (IANS) India’s startup ecosystem raised around $176 million in 16 deals in the first week of this month.
In its largest funding round to date, fashion e-commerce platform Purplle secured $120 million led by the Abu Dhabi Investment Authority.
Agritech startup Arya also announced it was raising $29 million, led by impact investment firm Blue Earth Capital.
Video telematics startup Cautio also announced a pre-seed funding of Rs 650 crore led by Antler, 8i Ventures and AU Small Finance Bank.
Domestic startups have raised around $7 billion in funding in the first half (H1) of 2024, up from the $5.92 billion they raised in the first half of 2023.
The fintech ecosystem also achieved a major milestone by ranking in the top three globally by funding in the first half of the year, alongside the US and UK.
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