Indian Startups Raise $176 Million in the Current Funding Round

The Indian startup ecosystem remains resilient and continues to exude growth potential despite global economic uncertainties.

In the past week, Indian startups raised $176 million collectively, therefore ensuring continuous investor confidence in new ventures based in the region.

This huge inflow of capital across various sectors goes on to prove the versatility and dynamism of the Indian startup space.

Purplle, an e-commerce platform for beauty and personal care products, raised substantial funds to scale up its product categories and build robust technological capability.

With this funding, Purplle might increase its market share in a space also contested by Nykaa and is looking to grab a bigger pie of India’s fast-growing beauty market.

Another prominent startup is Matter, which engages in dirty tacks of electric vehicles and sustainable energy solutions.