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Increased Capital for Indian Startups: 21 Ventures Secures a Record-Shattering Rs 8,779,050,000 in Funding

Increased Capital for Indian Startups: 21 Ventures Secures a Record-Shattering Rs 8,779,050,000 in Funding

15 April 2024 – Compliance automation platform Sprinte led the way in the growth-stage market and raised a substantial USD 20 million. Ventures like Recykal, AVIOM HFC, Axio, and SC Network trailed closely after, obtaining capital of USD 13 million, USD 10 million, USD 6 million, and USD 3 million, in that order.

According to data from Entrackr, twelve early-stage investments and six growth-stage acquisitions were among the many fundraising events highlighted throughout the week. Notably, information on two early-stage and one growth-stage investment remained secret, giving the proceedings a sense of mystery.

Startups also had success the week before, as almost thirty organizations raised a total of $172,71 million. Growth-stage ventures continued to be the focus this week, as six businesses raised a total of USD 54.5 million in investment.


Conclusion

Sprinto, a compliance automation platform, led the way in the growth-stage market and successfully raised a substantial USD 20 million. Ventures like Recykal, AVIOM HFC, Axio, and SC Network trailed closely after, obtaining capital of USD 13 million, USD 10 million, USD 6 million, and USD 3 million, in that order. Additionally, early-stage businesses left their mark, raising a total of USD 50 million in capital.

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