Indian startups raised over $1 billion funding in July: Report ...Middle East

New Delhi: Indian startups successfully raised $1.03 billion in July as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors, according to a report on Saturday. As per the report by Entrackr, in July, Indian startups raised a total funding of $1.03 billion under 126 deals. Out of these, 28 were growth or late-stage deals worth $725 million, whereas 72 were in the initial-stage deals worth $311 million. The amount raised in 26 deals has not been disclosed. However, these were early stage deals, the report said. In July, two Indian startups were successful in raising funding of more than $100 million. E-commerce startup Purplle and automotive te

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Last updated : 03 August 2024 clock 07:05 PM

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