New Delhi, As many as 21 startups in India raised nearly $93 million in funding across 16 deals this week. It includes four growth stage deals and 12 early stage financings. This is significantly lower than the nearly $461 million raised by 29 domestic startups last week, which included 10 growthstage deals.
This week, agri supply chain startup Waykool raised Rs 100 crore in debt funding from Grand Anicut. Waykool buys fresh produce, including dairy products, from farmers and sells them to retailers and restaurants.
Fintech platform Basic Home Loans raised $10.6 million in Series B funding round led by Bertelsmann India Investments (BII) in collaboration with CEVentures. Milletbased snacks brand True Good raised Rs 72 crore led by Oaks Asset Management along with Puro Wellness and V Ocean Investments, Ntracker reported.
Chemical manufacturing platform Amstack secured the most funding among the 12 earlystage startups, receiving $59.05 million this week. IG Drones completed its seed funding round securing a major investment of $1 million led by India Accelerator and Angel Investors.
Mental health platform SIS UN raised $2.5 million led by RPSG Capital Ventures and some new investors. Bengaluru and DelhiNCRbased startups led the way with seven deals each. This was followed by Mumbai, Hyderabad and Chennai.
In the third quarter (JulySeptember), domestic startups raised over $4 billion, including preround IP worth $300 million and multiple transactions worth over $200 million. This includes 85 growth and latestage deals worth $3.3 billion, as well as 207 earlystage deals worth $754.26 million.
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Image Credit: KhasKhabar.