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Indian Startups Raise Over $320 Million in Funding This Week

Indian Startups Raise Over $320 Million in Funding This Week
Indian Startups

SUMMARY

24 Indian startups raised more than $320 million in funding this week. 24 Indian startups including 13  early-stage deals and 7 growth-stage deals. Other 4 early-stage startups did not disclose the raised  amount, according to a report by Entrackr.  

Among these twenty-four start-ups, seven startups raised a funding amount of $287 million this week.  The list of growth-stage deals was led by Data and AI governance company, Atlan with over $150  million in fund amount followed by dialysis Chain NephroPlus with $102 million in capital. Shared  electric mobility startup GreenCell Mobility reported $36.7 million, K12 Techno Service $27 million,  and lending firm Lendingkart reported $10 million in capital.  

Atlan is a data collaboration software startup, that aims to seize the opportunity from large corporations who want to make their databases suitable for artificial intelligence, which led the list for  this week with $150 million in fund amount. The second startup which raised over $102 million in the  capital is NephroPlus. Which is the largest provider network of dialysis services in India with 75 centers  in 50 cities in 15 states across the country. Its centers are located in large metropolitan areas as well  as underserved, small cities. 

Image source: officechai.com 

Early-stage deals had 13 startups with funding of $33 million during this week. The list includes Poshn which is a wholesale buying and selling platform, Parseable, Cornext, and fodder ecosystem to support  dairy cattle farmers. Some of the leading startups like ICON, Atomgrid, Eternz, Knit, and Treacle also  raised funding during the week. If we look state-wise, the Bengaluru-based startup led the list with 9  secured deals followed by 5 startups from Delhi-NCR, 3 from Mumbai, 2 startups from Hyderabad, and  1 each from Indore, Gandhinagar, and Kolkata.  

Most of these startups were from e-commerce and SaaS followed by agritech Startups like Ecozen. Ecozen is a climate-tech startup working on solar-powered irrigation and cold chain systems. Coromandel International previously increased its stakes in the startup by an additional investment of  Rs 24 crore. This amount has made Coromandel the shareholder of 5.54% in Ecozen. The list further  extends with AI, tech, food tech startups, and more. On weekly basis, startups had a marginal 6.5%  drop as compared to the previous week, as it went from $341.5 to $320 million. 

Conclusion: 

This week, Indian startups raised over $320 million in funding, with 7 growth-stage deals and 13 early stage deals. Among the growth-stage deals, Atlan, a Data and AI governance startup, secured the  highest funding of $105 million. Other notable investments include NephroPlus, GreenCell Mobility,  K12 Techno Services, and Lendingkart. Early-stage deals had 13 startups with funding of $33 million  during this week. The list includes Poshn which is a wholesale buying and selling platform, Parseable,  Cornext, and fodder ecosystem to support dairy cattle farmers. Some of the leading startups like ICON,  Atomgrid, Eternz, Knit, and Treacle also raised funding during the week. Bengaluru leading the charge  with 9 secured deals, followed by other major cities

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