New Delhi, Sep 28 (IANS) The Indian startup ecosystem continued its growth momentum this week with securing nearly $461 million which included 10 growth-stage deals.
At least 29 startups were part of the funding week, which saw 18 early-stage deals, as one startup kept financial details undisclosed.
Global digital adoption platform (DAP) leader Whatfix secured $125 million in a Series E funding round, led by Warburg Pincus with participation from existing investor SoftBank Vision Fund 2. The investment will enable Whatfix to expand its category leadership and enhance its integrated product suite through organic growth and strategic acquisitions.
API infrastructure platform M2P Fintech raised $101.8 million followed by healthtech startup Qure.ai raising $65 million (led by Lightspeed Venture Partners and 360 ONE Asset Management).
Omnichannel home interior and renovation platform HomeLane raised $27 million this week.
Meanwhile, SCOPE, the invite-only networking platform for startups, launched its new $50 million venture capital fund under its investment banking arm, SCOPE VC.
The new fund will offer investments ranging from $500,000 to $2 million per startup, targeting early-stage companies that demonstrate innovation and disruptive potential.
Optimistic Capital launched a Rs 200 crore fund focused on microbreweries. Tribe Capital and Oister Global also launched a joint secondary fund targeting $500 million in investments over the next two years.
Bengaluru-based startups led with 17 deals, followed by Delhi-NCR and Mumbai.
Last week, the domestic startup ecosystem saw more than $628.24 million being raised by 36 startups — a whopping 174.5 per cent surge.
In the nine months this year, India’s tech startup ecosystem secured $7.6 billion funding, along with witnessing six new unicorns.
According to Tracxn, a SaaS-based market intelligence platform, the initial public offering (IPO) numbers have surged, with 29 tech companies going public in 2024 (year to date), compared to 15 during the same period in 2023.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
