Weekly Funding and Acquisitions Roundup in Indian Startups (June 10-15, 2024)

It has been an active week of fundraising in the Indian startup ecosystem this time as 31 startups raised about $336.45 mn. Important developments can be read next.

11 growth-stage startups received a total of $170.4 mn. Leading the pack was Battery Smart, a company working on battery tech that raised $65 mn.

Recur Club: Launched Recur Scale that provides debt financing of up to Rs 100 cr ($ 12 mn)

DeHaat did an ESOP buyback of Rs 10 cr or $1.2 mn. Buyback will benefit 153 team members.

Ixigo listed one of the largest-ever IPO subscriptions, which got oversubscribed by over 98X, showing high investor interest in the travel-tech story.