Weekly Highlights: Funding and Acquisitions in Indian Startups (May 19 – May 24)
During the week, 21 Indian startups raised approximately $139.5 million, including 5 growth-stage deals.
During the week, 21 Indian startups raised approximately $139.5 million, including 5 growth-stage deals.
Wealthtech startup Stable Money is raising Rs 173 crore ($20 million) in a funding round led by The Fundamentum.
Venture capital firm 247VC has launched its first fund for early-stage startups in India with Rs 200 crore.
Google's AI Futures Fund supports startups with investments and access to DeepMind, fostering innovation.
Indian startups are cautiously raising funds again, often at flat valuations or with significant cuts.
During the week, 27 Indian startups raised $585.71 million, with 6 growth-stage and 21 early-stage deals.
Routematic secured $40 million in a Series C funding round for employee fleet management solutions.
Seed stage valuations in India have surged, creating unrealistic expectations for later funding rounds.
QED Investors plans to deploy $250M to $300M in early and growth-stage startups across India...
Kaleidofin raised $5.3M for scaling its lending portfolio and expanding credit scoring solutions.