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27 Indian startups secure over $222 mn in funding

This included seven growth-stage deals and 17 early-stage deals: Report

Startups in India raise over $97 million in election result week
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Startups in India raise over $97 million in election result week

New Delhi: The Indian startups continued to raise funds at a normal pace, and last week, as many as 27 startups secured nearly $222.7 million in the country.

This included seven growth-stage deals and 17 early-stage deals, reports Entrackr.

"Three early-stage startups did not disclose the amount raised," the report mentioned.

The week before, about 37 startups secured around $310 million in the country.

Among the growth-stage deals, seven startups raised $150.6 million in funding this week.

Financial services firm Northern Arc secured the highest amount of funding of $80 million.

This was followed by network-as-a-service provider CloudExtel, trucking aggregator for enterprises LetsTransport, online marketplace for financial products BankBazaar, provider of business, property, and school financing Clix Capital, agri-fintech platform Samunnati, and co-working space provider Smartworks which raised $24 million, $22 million, $9.6 million, $6 million, $5 million, and $4 million, respectively.

Moreover, 17 early-stage startups collectively secured $72.08 million in funding during this week.

Omni-channel fashion brand Lyskraft topped the list followed by space-tech startup Dhruva Space, real estate and infra decarbonisation platform Accacia, B2C credit management firm CheQ, and an open-source project management platform Plane.

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