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.
This is essential not only for sustaining the startups in the long run by linking them with a livelihood but also for bringing about value addition to the Indian Industry as per the contemporary global benchmarks, Jitendra Singh said.
India and Lithuania on Tuesday agreed to work in the areas of deep tech startups as well as forge lasting ties in manufacturing of semiconductor chips.
The Startup Incubation and Innovation Centre (SIIC), IIT-Kanpur, is one of the oldest incubators in the country.
The Accelerator Program was launched on January 16 last at IIT Kanpur’s Outreach Centre, in Noida, Uttar Pradesh.
Speaking at the inaugural session of G20 first inception meet in Hyderabad, the G20 Sherpa said, "Since last four years, we do more fast payments compared to US, Europe and China."
