India startups raised $320M

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Anjali Sharma

GG News Bureau
NEW YORK, 13th May. Indian startups on Sunday announced that 24 companies have raised over $320 million in funding this week, which includes 7 growth-stage deals and 13 early-stage deals.

Entrackr reports that four early-stage startups did not disclose the amount.

Around 28 early and growth-stage startups collectively raised $340 million in funding.

The growth-stage deals, 7 startups secured $287 million in funding this week.

Data and AI governance firm Atlan secured the highest funding of $105 million.

This was followed by the dialysis chain NephroPlus, shared electric mobility startup GreenCell Mobility, education service provider K12 Techno Services, and lending firm Lendingkart, which raised $105 million, $36.7 million, $27 million, and $10 million, respectively.

Over 13 early-stage startups secured funding worth $33 million during the week.

Direct-from-farm produce supply chain startup Superplum topped the list followed by a platform for wholesale buying and selling Poshn, log analytics startup Parseable, fodder ecosystem to support dairy cattle farmers, Cornext, and re-engineered tyre startup Regrip.

The list of early-stage startups also includes GyanLive, QUE, trackNOW, and Food Square, which kept the funding amount undisclosed.

Bengaluru-based startups led with 9 deals followed by Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Gandhinagar, Indore and Kolkata.

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