Over $172 million in funding raised by 30 Indian startups last week

30 Indian startups secured funding last week. Ola Electric, led by Bhavish Agarwal, secured the highest amount of debt funding of $50 million

   
funding by Indian startups

The Indian startups continued to raise funds at a normal pace, and last week, as many as 30 startups secured over $172.71 million in the country. This included eight growth-stage deals and 16 early-stage deals, reports Entrackr.

“As many as six early-stage startups did not disclose the amount raised,” the report mentioned. About 17 early and growth-stage startups collectively raised around $125.73 million in the week of March 25-30. Among the growth-stage deals, eight startups raised $130.1 million in funding last week.

Ola Electric, led by Bhavish Agarwal, secured the highest amount of debt funding of $50 million. Hyperlocal marketing-to-commerce software platform SingleInterface, NBFC Infinity Fincorp, housing finance company Nivara Home Finance, payment gateway and point of sales provider Innoviti, and digital banking infrastructure firm M2P Fintech secured $30 million, $26 million, $10 million, $4.8 million, and $4.2 million in funding, respectively.

Moreover, 16 early-stage startups collectively secured $42.61 million in funding. D2C health and wellness brand Traya topped the list followed by full-stack retailer of used two-wheelers BeepKart, AI platform SiftHub, deep-tech startup Planys, and full-stack metal supply-chain platform Metalbook. City-wise, Bengaluru-based startups led with 11 funding deals followed by Mumbai, Delhi-NCR, Chennai, and Hyderabad.

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