Indian startups raise nearly $176 million across 16 deals in first week of July
Startups and Global Capability Centres (GCCs) in India have created about eight crore jobs over the past five years, driven by labour reforms and increased female workforce participation.
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The Indian startup ecosystem raised nearly $176 million in funding across 16 deals in the first week of this month.
In the biggest funding round, fashion e-commerce platform Purplle secured $120 million led by Abu Dhabi Investment Authority.
Agri-tech startup Arya.ag also announced to raise $29 million led by impact investment firm Blue Earth Capital.
Video telematics startup Cautio also announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures and AU Small Finance Bank.
Homegrown startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.
Also, the fintech ecosystem achieved a significant milestone in the first half of this year by ranking among the top three funded globally, alongside the US and the UK.
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