Indian startups secure $585.71m

NEW DELHI: In a significant surge, Indian startups collectively raised approximately $585.71 million this week, marking a substantial increase from the $102.93 million secured the previous week.

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This uptick reflects a growing investor confidence and interest in India’s burgeoning startup ecosystem.

The majority of this funding was directed towards growth-stage companies, with notable investments including Porter, an on-demand goods transport agency, which secured $200 million in its Series F funding round.

This round was led by Kedaara Capital and Wellington Management, propelling Porter into the unicorn club.