Tag Archives: Funding

Funding in Indian startups this week (11 May-16 May)

This week 14 Indian startups raised funding, of which 7 received a total sum of about $65 million. Among them, SirionLabs raised the highest funding of about $44 million followed by Shiprocket which raised $13 million. Meanwhile, funding for 7 of the total funded startups remained undisclosed. Below is the summary of deals closed this week SirionLabs: Enterprise-focused software-as-a-service provider, ... Read More »

[Weekly Funding Roundup] Equity falls 88 pc as startups raise only $75.7M

This week, equity funding receded to just $75.7 million, 88 percent less than last week’s $624.6 million. This week’s funding was spread across just 14 deals, 11 of which were early-stage. The reason for a poor show was the absence of mega rounds and late-stage deals. Weekly funding roundup Early-stage deals Mumbai-based startup Atomberg Technologies raised $10 million as a part ... Read More »

T-Hub launches angel funding programme for startups in Telangana

HYDERABAD : Hyderabad-based startup incubator T-Hub on Thursday announced the launch of its funding programme T-Angel, through which it will help startups raise capital. The three-month investment acceleration programme is a joint venture with the Telangana state government and will be executed by T-Hub and online investment platform LetsVenture. The programme is the first in a series of funding focused programmes by T-Hub, and ... Read More »

Funding in Indian startups this week (27 May-01 June)

This week 17 Indian startups received funding, of which 14 received a total sum of about $93 million. Among them, Ather Energy raised the highest funding of about $51 million followed by GlowRoad which raised about $11.5 million. Meanwhile, funding for 3 of the total funded startups remained undisclosed. Below is the summary of deals closed this week: Ather Energy: ... Read More »

[Weekly funding roundup] Investments in startups down 76pc this week as India prepared for election results

Startup funding activity saw a significant slowdown in the fourth week of May ahead of the announcement of results for the Lok Sabha polls. Votes were counted on Thursday, and the incumbent Bhartiya Janata Party-led government returned to power with a strong majority. The week to Friday saw only $45.6 million raised across nine deals, down 76 percent from the previous week, when ... Read More »

Funding in Indian startups this week (13 May-18 May)

This week 12 Indian startups received funding, of which 9 received a total sum of about $258 million. Among them, Grofers raised the highest funding of about $200 million followed by Dailyhunt which raised about $22 million. Meanwhile, funding for 3 of the total funded startups remained undisclosed. Below is the summary of deals closed this week: Grofers: Online grocery ... Read More »

Digital marketing startup Synup raises $6 mn in Series A funding

Bengaluru- and Delaware-based Synup Inc., which helps local businesses manage their web presence with its SaaS-based solutions, has raised $6 million (Rs 39 crore) in a Series A round led by Vertex Ventures and existing investor Prime Venture Partners. The company will use the money for product development and to expand its sales and marketing initiatives, Synup said in a ... Read More »

Bengaluru, Delhi, Mumbai start-ups received nearly 80% of funding deals in last 5 years

Key highlights: Over the last five years, 79% of the funding deals went to start-ups based in these three cities Bengaluru and Delhi claiming the majority of the country’s 10 unicorns Bengaluru had the greatest number of deals over the past five years in India at 30% Start-ups in Bengaluru, Delhi and Mumbai together claim three-fourths of India’s start-up deals. Over the last five ... Read More »

Bitcoin options exchange raises $11.4 million in funding

Bitcoins hit a record high over the weekend, with one unit of bitcoin trading above $2,000 on the BitStamp platform. File Photo Funding supports LedgerX’s plan to operate regulated exchange, clearing house for digital currencies NEW YORK, MAY 22:   Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday that it closed $11.4 million in ... Read More »

LeEco Secures $600 Million in New Funding for Its Global, Electric Car Businesses

Chinese handset maker LeEco Tuesday said it has secured a $600 million funding from major Chinese institutional investors and has appointed Anthony Gao its president for Asia-Pacific region. “LeEco has secured $600 million (roughly Rs. 4,067 crores) of funding from major Chinese institutional investors today. The first half of the funding will be transferred to LeEco within this November and ... Read More »