21 Indian startups raise $100 mn
This was followed by Recykal, Aviom HFC, Axio and 5C Network which raised $13 million, $10 million, $6 million, and $3 million, respectively.
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NEW DELHI: The Indian startups continued to raise funds at a normal pace, and last week, as many as 21 startups secured nearly $105 million in the country. This included six growth-stage deals and 12 early-stage deals, reports Entrackr on Saturday. “One growth-stage startup and two early-stage startups did not disclose the amount raised,” the report mentioned.
About 30 early and growth-stage startups collectively raised around $172.71 million recently. Among the growth-stage deals, six startups raised $54.5 million in funding last week.
Compliance automation platform Sprinto secured the highest amount of funding of $20 million. This was followed by Recykal, Aviom HFC, Axio and 5C Network which raised $13 million, $10 million, $6 million, and $3 million, respectively.
City-wise, Bengaluru-based startups led with 8 funding deals followed by Mumbai, Delhi-NCR, Chennai, Kanpur and Hyderabad.