Over $172 million in funding raised by 30 Indian startups last week
The Indian startups continued to raise funds at a normal pace, and last week, as many as 30 startups secured over $172.71 million in the country.
The Indian startups continued to raise funds at a normal pace, and last week, as many as 30 startups secured over $172.71 million in the country.
The country’s biggest celebration of startups saw 1,306 exhibitors, more than 165 sessions, over 392 speakers, and more than 48,581 business visitors.
These remarkable partnerships have not only laid the foundations but have also skillfully nurtured their enterprises together.
Elon Musk, the billionaire founder of Neuralink, announced on Monday that the first human recipient of an implant from the brain-chip startup underwent the procedure on Sunday and is recovering well.
This represents the largest raise at this stage for an Indian AI startup.
Considering the Indian gift culture and huge population size, It is no wonder that India’s gifting industry size is about Rs 250,000 crore, as per Technopak, India’s leading Management consultant.
India now has more than 450 active Web3 startups, with four unicorns, that have raised $1.3 billion in funding (till April 2022), a Nasscom report said on Wednesday.
Dr. Omkar Rai, Executive Chairman of Start-up Odisha, who led a delegation of 20 Odisha based Start-ups to Dubai, congratulated the Wewer team for its achievement.
The Chargeup CEO claimed that their batteries cost only Rs 60 per swapping which has a range of about 60 km, reducing operational cost to just Rs 1/km.
Only two startups in India, Shiprocket and OneCard, attained unicorn status (valuation $1 billion and above) in the July-September period. Globally, the third quarter (Q3) produced 20 unicorns and 45 per cent of them were from the software-as-a-service (SaaS) segment. No new decacorns were added in this quarter.