Startups have been witnessing a massive growth in the country. As many as 30 Indian startups have secured funding over $172.71 million (Rs 14,390.51 crore) in India in the last week. According to Entrackr news, these startups include 8 growth-stage deals and 16 early-stage deals. During the growth stage, a startup reaches the level of having a consistent customer base and a steady source of income. An early-stage startup begins with a scalable idea that attracts funding. The report mentioned that the remaining 6 early-stage startups did not disclose the amount raised. About 17 early and growth-stage startups collectively raised $125.73 million (Rs 10,476.12 crore) in the week of March 25-30. In the growth-stage-deals, 8 startups raised $130.1 million (Rs 10,840.24 crores) in funding from April 1-6.
Amongst these startups, Ola Electric – led by Bhavish Agarwal – has secured the highest amount of debt finding, that is $50 million (Rs 4,166.12 crore). Ola Electric is India’s first listed electric vehicle company. Hyperlocal Marketing to Commerce Software Platform SingleInterface secured $30 million (Rs 2499.67 crore), NBFC Infinity Fincorp $26 million (Rs 2166.38 crore) and housing finance company Nivara Home Finance got $10 (Rs 833.22 crore) million. Point of sales provider Innoviti secured $4.8 million (Rs 399.95) and digital banking infrastructure firm M2P Fintech got $4.2 million (Rs 349.95 crore) in funding.
16 early-stage-startups have secured $42.61 million (Rs 3550.37 crores) in funding. Amongst these startups, D2C Health and Wellness brand Traya secured the first position in the list. It was followed by the full-stack retailer of the used two-wheelers Beepkart, AI Platform Sifthub, deep-tech startup Planys, and full-stack metal-supply chain platform Metalbook. A full-stack startup is a company that develops a technology that can provide the end customer with a product or service that manages the entire value chain of its activity. Apple, Uber, Netflix, and Tesla are some of the most main examples of full-stack companies.
Counting the startups based in the city, Bengaluru topped the list with 11 funding deals followed by Mumbai, Delhi-NCR, Chennai, and Hyderabad.
Funding is one of the integral aspects of a startup and is of many types, that is series funding, crowdfunding, loans, venture capital, and angel investors.
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