This week startups raised $176 million

Business Business; The Indian startup ecosystem raised about $176 million from 16 deals in the first week of this month. The Indian startup ecosystem raised about $176 million from 16 deals in the first week of this month. In the biggest funding round, fashion e-commerce platform Purplle raised $120 million in a round led by Abu Dhabi Investment Authority. Agri-tech startup Aarya.ag also announced raising $29 million in a round led by impact investment firm Blue Earth Capital. Video telematics startup Cautio also announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures, and AU Small Finance Bank. Domestic startups have raised nearly $7 billion in funding during the first half (H1) of 2024, up from $5.92 billion raised in H1 2023. Moreover, the fintech ecosystem achieved a significant milestone by being ranked among the top three fundings globally, along with the US and the UK, in the first half of this year.