Weekly Funding and Acquisitions Roundup in Indian Startups (June 10-15, 2024)
It has been an active week of fundraising in the Indian startup ecosystem this time as 31 startups raised about $336.45 mn. Important developments can be read next.
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11 growth-stage startups received a total of $170.4 mn. Leading the pack was Battery Smart, a company working on battery tech that raised $65 mn.
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Recur Club: Launched Recur Scale that provides debt financing of up to Rs 100 cr ($ 12 mn)
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DeHaat
did an ESOP buyback of Rs 10 cr or $1.2 mn. Buyback will benefit 153 team members.
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Ixigo
listed one of the largest-ever IPO subscriptions, which got oversubscribed by over 98X, showing high investor interest in the travel-tech story.
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