The Indian start-up scene received strong funding this week. The 19 start-ups have raised around $462.27 million.
Last week, 30 start-ups received $355.02 million.
Bangalore is the largest city in India. It has invested in 10 start-ups. Significant investments were also made in Mumbai, Delhi-NCR and other cities.
Start-ups in the fintech and edtech sectors received three deals each. Gaming, health tech and energy start-ups got two deals each. Investments were also made in sectors such as e-commerce, aerospace and manufacturing.
Most of the seed funding was done for new start-ups. Investments were also made in the pre-seed, series A, pre-series A and series B rounds.
Solve, a cross-border neobanking start-up, received a major investment in a Series B round led by Cragis. Simplify, a speciality chemical sourcing platform, was awarded $40 million in a Series B round. Luxury fashion platform Purple Style Labs also received $40 million in the Series E round. Copy Paraphrase