News on Medial

Funding and acquisitions in Indian startups this week [16-21 Oct]

Entrackr · 1y

This week, Indian startups raised approximately $244 million in funding. Zetwerk, a B2B e-commerce platform, secured the largest funding round of $120 million in Series F. Bengaluru-based startups led in terms of funding deals and total amount raised. However, there was a dip in funding compared to the previous week. Additionally, Adda247 and CityMall had significant layoffs, while Google launched 'DigiKavach' to combat financial fraud. Dream11 crossed 200 million registered users despite the 28% GST rule for real money gaming platforms.