News on Medial

From Ola Electric To Namdev Finvest — Indian Startups Raised $151 Mn This Week

Inc42 · 1y

The funding momentum in the Indian startup ecosystem slowed down in the first week of April, with startups collectively raising $151.6 million, a 38% decline from the previous week. Despite the decline in funding amount, the number of deals increased to 22 from 17. Ola Electric secured the largest funding round, raising $50 million in debt funding. The enterprise tech sector received the most funding, with $52.3 million invested in eight deals. Seed-stage funding also saw an increase, reaching $8.1 million, up 270% from the previous week.