New Delhi, April 7 (SocialNews.XYZ) 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.
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.
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.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz