27 Indian startups raised $308.7 million funding this week

New Delhi (Uttam Hindu News): At least 27 startups in India raised about $307.8 million this week, including 17 early-stage and seven growth-stage companies. Around 32 early- and growth-stage startups raised more than $384 million last week, startup news portal Entrackr reported on Saturday. Seventeen early-stage startups raised approximately $166.8 million, such as mPocket, Ima, Hunch and Rozana among others. Delhi-NCR based startups led the funding with 10 deals, followed by Bengaluru with 9 deals.

Digital lending platform mPocket raised debt capital of Rs 500 crore (about $60 million) from BPEA Credit’s private credit platform. mPocket said the funds will be used to accelerate product development in the career accelerator and insurance verticals as well as meet the growing credit demand from its 2.4 crore registered customer base. Rural e-commerce startup Rozana received $22.5 million in its latest funding round. The round was led by investment firm Bertelsmann India Investments (BII), with participation from VC firm Fireside Ventures and existing investors.

Rozana CEO and co-founder Ankur Dahiya said in a statement, “With this funding we will continue to build our logistics and supply chain infrastructure to reach new districts and empower rural communities with access to essential products ” Generative AI solutions provider EMA announced a $25 million funding round and the launch of a new “universal AI workforce.” The Finance Ministry, in its latest review of the Indian economy, said that more than 1.14 lakh startups in India have created more than 12 lakh jobs so far.