Indian Startups Raise $176 Million in the Current Funding Round

The Indian startup ecosystem remains resilient and continues to exude growth potential despite global economic uncertainties.

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In the past week, Indian startups raised $176 million collectively, therefore ensuring continuous investor confidence in new ventures based in the region.

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This huge inflow of capital across various sectors goes on to prove the versatility and dynamism of the Indian startup space.

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Purplle, an e-commerce platform for beauty and personal care products, raised substantial funds to scale up its product categories and build robust technological capability.

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With this funding, Purplle might increase its market share in a space also contested by Nykaa and is looking to grab a bigger pie of India’s fast-growing beauty market.

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Another prominent startup is Matter, which engages in dirty tacks of electric vehicles and sustainable energy solutions.

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