New Delhi, December 7 (IANS). The Indian startup ecosystem raised cumulative funding of $250 million from 18 deals this week, seeing a growth of 72 percent.
Domestic startups raised over $145 million last week as investor confidence in the country rebounds in terms of VC funding.
Global investment group Prosus revealed that it has invested $100 million in NBFC Vastu Housing Finance and $80 million in fintech Mintifi.
AI-enabled customer feedback intelligence platform Enterpret raised $20.8 million in Series A funding led by US-based venture capital firm Canaan Partners.
Electric two-wheeler maker Ultraviolette raised Rs 130 crore in a fresh round of funding from its existing investors Zoho, Lingotto, Mudhal Partners and Ojas Consulting.
Kleiner Perkins, Peak XV Partners (Sequoia Capital India), Wing Ventures and Recall Capital along with angel investors also participated in the round.
AgriLeaf, a leading Indian manufacturer and exporter of biodegradable dinnerware, secured growth funding of Rs 16 crore (about $2 million) led by Capital-A and Samarsh Capital.
On-demand liquidity platform The Money Club raised $2.5 million in its Series A funding round led by Prudent Investment Managers.
Leading Ethereum-based solar company Glo secured $30 million in funding from renowned venture capital firms Framework and Union Square Ventures.
This significant investment will fuel the ambitious mission of increasing the adoption of renewable energy in India and across the world.
Meanwhile, recognized startups in India have created over 16.6 lakh direct jobs in over 55 different industries.
Commerce and Industry Minister Piyush Goyal, while giving a written reply to a question in the Rajya Sabha, said that the total number of employment in the IT sector was 2,04,119, which was the highest. After this, the number of employment in Health Care and Life Sciences was 1,47,639. A total of 94,060 employment opportunities were created in professional and commercial services.
India currently has over 1,46,000 DPIIT-recognized startups and over 100 unicorns.
–IANS
SKT/GKT
