Anjali Sharma
GG News Bureau
NEW YORK , 15th July. According to media reports on Sunday the 22 Indian startups raised nearly $116.26 million led by four growth-stage transactions.
The domestic startup ecosystem raised $176 million in funding across 16 deals.
Four startups raised $80 million in funding among the growth-stage deals.
Wealth management platform Dezerv raised $32 million in a funding round led by Premji Invest.
The round saw participation from existing investors Matrix Partners India (aka Z47), Accel and Elevation Capital.
Other startups raised funds are e-commerce brand Goat Brand Labs ($21 million) and B2B e-commerce firm Infra.Market ($18 million).
Some 16 early-stage startups secured funding worth $36.26 million.
The fintech company Partior announced the first close of over $60 million Series B round led by the venture capital and growth investing firm Peak XV Partners.
Valor Capital Group and Jump Trading Group supported as new investors and JP Morgan, Standard Chartered and Temasek as existing shareholders.
Maruti Suzuki India announced it is expanding the accelerator programme to include global startups, as it aims to further support the government’s ‘Make in India’ and ‘Startup India’ initiatives.
Maruti Suzuki has screened over 2,000 startups over eight cohorts and engaged with 56 startups, news media added.
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