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Indian startups raise nearly $176 million across 16 deals in first week of July
Written By IANS
Published: | Updated:
Startups and Global Capability Centres (GCCs) in India have created about eight crore jobs over the past five years, driven by labour reforms and increased female workforce participation.
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Homegrown startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023. | Image Source: Pixabay
The Indian startup ecosystem raised nearly $176 million in funding across 16 deals in the first week of this month.
In the biggest funding round, fashion e-commerce platform Purplle secured $120 million led by Abu Dhabi Investment Authority.
Agri-tech startup Arya.ag also announced to raise $29 million led by impact investment firm Blue Earth Capital.
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Video telematics startup Cautio also announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures and AU Small Finance Bank.
Homegrown startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.
Also, the fintech ecosystem achieved a significant milestone in the first half of this year by ranking among the top three funded globally, alongside the US and the UK.
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