At least 32 Indian businesses raised more than $341 million in capital during a busy funding week.
Last week, there were 22 early-stage and six growth-stage fundraising agreements in the Indian startup ecosystem.
More than $216 million was raised by six firms, with Rapido, a mobility startup, securing the largest sum of $120 million.
Among other Indian businesses that have successfully raised a sizeable sum of money are the sports tech company KheloMore and the financial companies Navi and BharatPe.
EV startups Simple Energy and Kinetic Green, as well as sustainable energy company BluPine, were among the other startups that raised money last week.
Over 10,000 technology startups have been empowered by the government through various schemes over the previous five years.
Through incubators, the government has given over 3,600 tech businesses a total of Rs 580 crore in funding.
1,40,803 companies have been recognized as startups by the Department for Promotion of Industry and Internal Trade (DPIIT).
According to IANS, Jitin Prasada, the Union Minister of State for Commerce and Industry, stated that the government implemented flagship programs for Startup India, including the Fund of Funds for Startups, Startup India Seed Fund Scheme, and Credit Guarantee Scheme for Startups.
These programmes assisted new businesses in obtaining loans or investments from angel or venture capitalists.
According to Prasada, DPIIT has recognized over 1.43 lakh entrepreneurs working in India with the support of these schemes.
