Business

These Indian Startups Raise $202 Million, Growth Increases 100% From Last Week

The Indian startup ecosystem saw a return and growth of an activity that had stopped in fundraising this week, gathering approximately $202 billion across 21 deals. This marks a significant increase of about 100% compared to last week, when startups secured about $98 million through 10 deals.

Leading the charge were cleantech startups, for example EV startup Battery Smart, which raised $65 million with LeapFrog Investments taking the lead. The equity touching the bars attracted new and existing investors such as MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures, and British International Investment.

Also Read: Elon Musk Unveils ‘Private Likes’ Feature For Enhanced User Privacy On Platform X

In the consumer sector, skincare firm Foxtale secured $18 million in funding led by Panthera Growth Partners based in Singapore. Meanwhile, Renee Cosmetics, a beauty and makeup brand, raised Rs 100 crore (approximately $12 million) in a Series B round led by Evolvence India and Edelweiss Group, valuing the company at Rs 1,200-1,400 crore.

In a significant development, Zepto, a quick grocery delivery platform, is preparing to raise nearly $650 million from both existing and new investors. This funding round also expect Blinkit to increase rival’s valuation to approximately $3.5 billion. Zepto has also announced plans to go public within the next 2-3 years.

Richa Kaushik

Recent Posts

OpenAI Launches ‘OpenAI Academy India’ To Boost AI Education Nationwide

OpenAI, in collaboration with the Indian government’s IndiaAI mission, launched its first international educational platform…

8 hours ago

Mahua Moitra Confirms Marriage To Former BJD MP Pinaki Misra

Trinamool Congress MP Mahua Moitra on Thursday confirmed her marriage to senior advocate and former…

8 hours ago

PM Modi Launches ‘Aravali Green Wall’ Project On World Environment Day

PM Narendra Modi on Thursday launched the ambitious ‘Aravali Green Wall’ project by planting a…

8 hours ago

Dassault And Tata To Manufacture Rafale Fuselages In India By 2028

French aerospace giant Dassault Aviation has signed four agreements with Tata Advanced Systems Limited (TASL)…

8 hours ago

PM Modi Emphasises Indian Railways’ Role In Building A Greener Future

On the occasion of World Environment Day, PM Narendra Modi underscored the crucial role of…

9 hours ago

AIIMS Delhi, IIT Delhi To Establish Center Of Excellence For AI In Healthcare

The All-India Institute of Medical Sciences (AIIMS) and the Indian Institute of Technology (IIT) Delhi…

9 hours ago