Over $320 mn raised by 24 Indian startups this week
This week has seen a significant surge in funding for Indian startups, with over $320 million raised by a total of 24 ventures. This includes a mix of growth-stage and early-stage deals, indicating a robust investment landscape. Notably, seven growth-stage startups garnered a substantial portion of this capital, amounting to approximately $287 million. At the forefront of this funding spree is Atlan, a pioneering firm specializing in data and AI governance, securing a staggering $105 million. Other notable beneficiaries include NephroPlus, a dialysis chain, GreenCell Mobility focusing on shared electric mobility solutions, K12 Techno Services in the education sector, and Lendingkart in the lending domain, securing amounts ranging from $10 million to $105 million.
In parallel, 13 early-stage startups also received funding totaling $33 million, showcasing investor confidence in burgeoning ventures. Superplum, a startup revolutionizing direct-from-farm produce supply chains, stands out as the top recipient, followed by Poshn facilitating wholesale buying and selling, Parseable specializing in log analytics, Cornext supporting dairy cattle farmers with a fodder ecosystem, and Regrip innovating in re-engineered tires. Additionally, startups like GyanLive, QUE, trackNOW, and Food Square joined the funding fray, although specific amounts remain undisclosed.