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Weekly Funding Round-up of Indian Startups: July 22-27, 2024-thumnail

Weekly Funding Round-up of Indian Startups: July 22-27, 2024

This week saw a significant deceleration in funding in the Indian startup ecosystem. The week also came with 22 startups successfully raising approximately $113.39 million against $261.21 million in the

Business

Jul 27, 2024

Ather Energy, IPO-bound, Raises Rs 60 Cr Debt-thumnail

Ather Energy, IPO-bound, Raises Rs 60 Cr Debt

Ather Energy is a Bengaluru-based electric scooter manufacturer who has been putting a stir in the EV market. It has raised Rs 60 crore, around over $7 million, in debt

Business

Jul 27, 2024

UAE Startup Verbatica Secures $700,000 in Angel Investment to Revolutionise Language Learning-thumnail

UAE Startup Verbatica Secures $700,000 in Angel Investment to Revolutionise Language Learning

Introduction to Verbatica Verbatica is an up-and-coming UAE-based EdTech startup that raised US$700,000 in angel investments for revamping its language learning platform. The funds will help the company achieve its

Business

Jul 26, 2024

Abolition of Angel Tax to Further Ease Funding Winter for Indian Start-Up According to Expert-thumnail

Abolition of Angel Tax to Further Ease Funding Winter for Indian Start-Up According to Expert

One of the most feared angel taxes has been abolished. Industry experts are abuzz with this news. Let’s delve deeper into what it means for startups and investors at large.

Business

Jul 26, 2024

Leap Finance Sets To Raise $100 Mn; Seeks Over $1 Bn Valuation-thumnail

Leap Finance Sets To Raise $100 Mn; Seeks Over $1 Bn Valuation

It has been reported that Leap Finance, a platform that has been in the limelight with its aid to Indian students funding their education abroad, is now in discussions to

Business

Jul 26, 2024

Titan Wealth Expands Global Presence with Acquisition of Dubai-Based AHR Group-thumnail

Titan Wealth Expands Global Presence with Acquisition of Dubai-Based AHR Group

Titan Wealth’s Global Expansion Titan Wealth, a UK-based wealth management company, announced that it had further expanded its international footprint by acquiring AHR Group, a financial planning and wealth management

Business

Jul 26, 2024

Dubai Taxi Reports AED1.09 billion Revenue in H1 2024-thumnail

Dubai Taxi Reports AED1.09 billion Revenue in H1 2024

Revenue Growth and EBITDA Surge Dubai Taxi Company on Tuesday released cheerful financial results for the six-month period ending June 30, 2024. Revenues surged by a massive 14 percent year-on-year

Business

Jul 26, 2024

Agritech Firm Waycool Lays Off Over 200 Employees Amid Profitability Push-thumnail

Agritech Firm Waycool Lays Off Over 200 Employees Amid Profitability Push

In one of the biggest steps toward attaining profitability, Waycool, an agritech firm, has laid off over 200 employees across various departments. This is the third round of layoffs for

Business

Jul 26, 2024

Upstox Success Story-  Investments With Zero Brokerage And Tech-Driven Solutions-thumnail

Upstox Success Story-  Investments With Zero Brokerage And Tech-Driven Solutions

Today’s world is all about fintech and in this dynamic industry Upstox secure the status of a worthy and successful player. The success story of Upstox, a brokerage firm that

Business

Jul 26, 2024

Venture Catalyst-backed GenAI startup Devnagri led by IPV raises, fresh funds -thumnail

Venture Catalyst-backed GenAI startup Devnagri led by IPV raises, fresh funds 

A homegrown startup, Devnagri, specializing in B2B Indian language translation, just managed to bag some fresh funding. This round was led by Inflection Point Ventures, and although the exact amount

Business

Jul 25, 2024

Mashreq Bank Leads $3.25 Billion Sustainability-Linked Financing for GEMS Education-thumnail

Mashreq Bank Leads $3.25 Billion Sustainability-Linked Financing for GEMS Education

Mashreq Bank, together with a group of regional banks, has arranged a landmark $3.25 billion Sustainability-Linked Leveraged Buyout financing for GEMS Education. More than just large in financial scale, this

Business

Jul 25, 2024

Mamo Secures $3.4mln to Enhance Financial Services for SMEs-thumnail

Mamo Secures $3.4mln to Enhance Financial Services for SMEs

Mamo, a fintech startup from UAE, raised $3.4 million in its funding round to smoothen financial operations for SMEs. The funding round, led by current investor 4DX Ventures and Dubai

Business

Jul 25, 2024


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