Indian startups raised over $135 million from June 3 to June 8, 2024; Fibe tops the list.
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Mohammed Zaid
Stealth • 10d
Over 25 Indian startups collectively raised approximately $138.7 million this week, with significant contributions from fintech and deeptech sectors. Easy Home Finance secured $35 million, while MODIFI raised $15 million
The Indian tire industry employs over 2 million people directly and supports over 1 million jobs indirectly.
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Yogesh Jamdade
Stealth • 5m
Indian AI startups:
Uniphore Technologies
Industry: Conversational Service Automation (CSA)
Funding:
Total funding raised: Over $658 million across 13 rounds (as of June 20, 2024)
Largest funding round: Series E in January 2022 for $400
As of June 30, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognized 1.40 lakh entities as startups in India. 😨🔥
According to a written response by the Union Minister of State for Commerce and Industry, Jitin Pra
Here are the latest news related to the startup ecosystem:
- Indian startups raised $196 million this week.
- Indian deep tech startups count surged in 2023, but funding plummeted 77%.
- Neobanking startup Jupiter received RBI nod for mobile walle
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Mahendra Lochhab
Stealth • 2m
There were over 8 million weddings in India in 2023, with the Indian wedding industry worth Rs 10.5 lakh crore or $130 billion, being the second largest in the world.
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Mr Z
Stealth • 3m
🚨 Zepto To Raise Over $340 Million at Massive $5 Billion Valuation
Raised Around $1 Billion in The Last 60 Days
Valuation Also Skyrocketed From $1.4 Billion in August 2023 To $5 Billion in August 2024
Pitchbook just shared the list of top startup cities!
➪ San Francisco: Raised $427.6B in startup capital, home to 11,812 startups, 20% of US startups 🌉
➪ New York City: Raised $179.9B, with 6,951 startups and 130 unicorns 🗽
➪ Beijing: Raised $1
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Mahendra Lochhab
Stealth • 3m
As of January 2024, the Unified Payments Interface (UPI) had over 452 million active users in India.