OYO has raised INR 550 Cr (about $65 Mn) from its founder Ritesh Agarwal’s Redsprig Innovation Partners.
Redsprig Innovation is a venture capital firm headed by Agarwal. In November last year, Inc42 reported that Agarwal was looking to increase his
Recent funding raised by startups-
Infra.Market - $50 Mn
TechnoSport - $25 Mn
Euler Motors Cleantech Electric Vehicles - $24 Mn
Libas Ecommerce - $18 Mn
Zypp Electric Cleantech Electric Vehicles - $14 Mn
Rebel Foods - $13 Mn
Dvara Fint
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K
Stealth • 8m
Indian startups were able to net a $58.36 Mn across 16 deals, a 52% decline from last week's $121.8 Mn raised across 21 deals
The Fintech sector emerged as an investor favourite this week, with startups in the sector securing $23.9 Mn across 4 deals
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Mahendra Lochhab
Stealth • 3m
India's food service industry was worth $65 billion in FY24. It is an organised industry growing at a CAGR of 8%.
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Shashank Pathak
Stealth • 1m
🚀 Daily Startup Highlights
💰 Funding Round-Up
🔹 CarDekho SEA (Automotive solutions)- $60 Mn
🔹 Haber (Robotics)- $44 Mn
🔹 Avanti Finance (Fintech)- $14.2 Mn
🔹 East Ocyon Bio (Biotech)- $4.2 Mn
🔹 Culture Circle (E-commerce)- $2 Mn
🔹 Power Gu
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Vishu Bheda
Stealth • 8m
Funding Raised By India’s Spiritual Tech Startups in the Last 12 Months
• AppsForBharat : $15-20 Mn (In Talks)
• AstroTalk : $20 Mn
• InstaAstro : $2.3 Mn
• Vama : $1.5 Mn
• DevDham : $720K
• Melooha : $635K
• Utsav : $240K
India has Very Big Marke
Meesho Marks First Close Of Larger Funding Round At $275 Mn
SUMMARY
1.This marks the first tranche of a larger financing round of $600 Mn that the Bengaluru-based company aims to conclude
2.This comes a month after Meesho was looking to expand the si