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HomeIndustryArtificial IntelligenceETtech Deals Recap: Startup Funding Skyrockets 505% YoY, Hitting $289 Million This...

ETtech Deals Recap: Startup Funding Skyrockets 505% YoY, Hitting $289 Million This Week

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Startups raised approximately $288. 7 million between August 17 and August 23, 2024, this being a big 505 percent increase in their custom. Raise the gross profit by 3% in comparison with the same period of the year 2012. This week’s total also follows a 21. From the previous week funding of $238, 2% increase in funding. 1 million. This funding has been raised through 16 such rounds as against 26 such rounds during the same period last year when $47. The total funding since the start of the project is approximately $7 million.

The biggest funding of the week was by Bluestone jewelery retailer that raised Rs 900 crore taking its total value to Rs 8,100 crore. Bluestone will be filing its DRHP with the stock market regulator later this year.

Other significant funding rounds included:Other significant funding rounds included:

These funding activities can well be used to underscore the fact that the greenfield is filled with a host of burgeoning funding activities happening in the Indian startup ecosystem, particularly in retail, technology, and healthcare domain.

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