Startup funding within the penultimate week of April 2024 declined by practically 27.9% from the identical interval a 12 months in the past, totalling $74 million throughout 14 offers.

Stage wise funding this week_20-26 Apr, 2024, 2024_ETTECHETtech

Nonetheless, deal density within the newest week improved to $5.3 million per deal, as per Tracxn knowledge. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal.

Elevate Your Tech Prowess with Excessive-Worth Ability Programs

Providing SchoolCourseWeb site
IIM LucknowIIML Government Programme in FinTech, Banking & Utilized Threat AdministrationGo to
Indian Faculty of EnterpriseISB Product AdministrationGo to
IIT DelhiIITD Certificates Programme in Information Science & Machine StudyingGo to

Overall funding trend for Indian startups_20-26 Apr, 2024, 2024_ETTECHETtech

Funding was down sequentially as effectively, from $103 million throughout 15 funding rounds within the earlier week.

Top funding rounds during_20-26 Apr, 2024_ETTECHETtech

Of the overall corpus raised this week, fundraises of omnichannel vogue startup Lyskraft and logistics software program supplier agency LetsTransport accounted for about 65%. The previous raised $26 million, whereas the latter raised $22 million.

Uncover the tales of your curiosity

High 5 offers:

Lyskraft: Based by former Zomato senior government Mohit Gupta and Myntra founder Mukesh Bansal, this omnichannel vogue startup raised $26 million in seed cash, making it one of many largest early-stage rounds for an Indian startup amid the continued funding crunch.

LetsTransport: The truck aggregator startup raised $22 million in a funding spherical led by Bertelsmann India Investments.

Accacia: The software program platform that helps actual property asset builders observe emissions and create decarbonisation options, raised $6.5-million led by Illuminate Monetary.

Dhruva House: The spacetech startup raised $9.4 million in a mixture of fairness and debt from IAN Alpha Fund, Know-how Improvement Board and different current traders in its newest funding spherical. It raised about $6.4 million within the fairness portion.

Aircraft: The open-source mission administration device startup raised $4 million in a seed spherical funding from OSS Capital.

Flashaid: The healthcare and insurtech firm raised $2.5 million led by Piper Serica Angel Fund and international enterprise capital agency SOSV.

LEAVE A REPLY

Please enter your comment!
Please enter your name here