21 Indian startups raise nearly $187 million this week
The Indian startup ecosystem raised around $187 million in funding this week, that included four growth-stage and 13 early-stage deals.
The Indian startup ecosystem raised around $187 million in funding this week, that included four growth-stage and 13 early-stage deals.
Delivering the keynote address during the launch, Goyal said that BHASKAR means ‘Rising Sun’ has been aptly chosen to be the name of the digital platform.
At least 31 homegrown startups raised more than $466 million in 22 deals this week, a significant 75 per cent rise from last week.
Riding on overall economic growth, Indian startups raised more than $395 million in at least 20 deals this week, a massive about 350 per cent jump from $113 million secured last week in 22 deals.
Indian startups successfully raised $1.03 billion in July as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors, according to a report on Saturday.
Microsoft and Accenture on Wednesday announced the third cohort of the Project Amplify programme, which will support 13 Indian startups with solutions focusing on clean tech, circularity, regenerative agriculture, education and skilling.
Secretary Department of Defence R&D and Chairman DRDO Samir V Kamat chaired the open brainstorming session 'Chintan'. He assured the industry that DRDO will extend all possible support to them and will play the role of a mentor in building their capabilities to make India a net defence exporter.
The Union minister said over the last nine years, the country has made rapid strides in every area of Science & Technology.
The minister said India had no dearth of talent, capability, innovation and creativity in the youth, but they were lacking a favourable milieu and proper patronage from the political leadership which was provided by Prime Minister Modi.
Deputy Chief Minister of the state Dushyant Chautala, who also holds the portfolio of industries and commerce department, said the state government has budgeted for a venture capital fund of Rs 200 crore to support young people starting businesses.
