30 Indian startups raised $250 million in funding last week
At least 30 startups raised $248.87 million in funding last week as the Indian startup ecosystem continues to shine due to strong fundamentals of the economy.
At least 30 startups raised $248.87 million in funding last week as the Indian startup ecosystem continues to shine due to strong fundamentals of the economy.
The funding season in the Indian startup ecosystem continued its growth this week as startups cumulatively raised more than $308 million across 24 deals.
Prime Minister Narendra Modi on Thursday underscored the role of Indian startups in solving global challenges while at the same time creating employment opportunities and boosting our quest towards self-reliance.
The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of female-led startups increased by over 90 per cent in 2024.
A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.
The Prime Minister said that the Rashtriya Rozgar Mela shows the government's commitment towards uplifting youth spirit and giving them employment opportunities.
Even as detecting cancer early remains key, a Gurugram-based startup PredOmix has developed a novel blood test that can detect about 32 cancers in both men and women, with 98 per cent accuracy.
Mozilla, the developer of the Firefox Internet browser, has introduced a new startup called Mozilla.ai, which the company hopes "will build a trustworthy and independent open-source AI ecosystem".
Shri Dinesh Khara, Chairman SBI said that the primary aim of this branch is to provide end-to-end support to startups at every stage of their journey starting from the formation of the entity till IPOs and FPOs of the companies.
Funding was led by Capital-A and Anicut Capital along with other marquee investors including Ekta Kapoor, Sunil Kalra, and Sachin Mehra. Jiraaf, a platform for high-yield alternative investment opportunities also participated in the round by extending debt to Chargeup.
