IIIMA Ventures has launched the Venture Investing Accelerator to support first-time and novice investors. The program equips participants with essential skills, knowledge, and experience for early-stage investing. Featuring a 3-day bootcamp at IIM Ahmedabad from August 8-10, 2024, it offers education, coaching, and networking with industry leaders and IIMA faculty.
Nected, a next-gen low-code platform, secured $1.5 million in seed funding led by Binny Bansal’s Three State Ventures. Other investors included Endurance Capital and Relentless VC. The funds will enhance product usability, simplify integration, and scale operations internationally. Founded by Prabhat Gupta and Mukul Bhati, Nected offers pre-built tech tools to streamline software development.
This week, 22 Indian startups secured $113.39 million in funding, with 5 growth-stage and 8 early-stage deals. Rays Power led growth-stage funding with $15.1 million, while Unimech Aerospace topped early-stage deals. Nine startups did not disclose their funding amounts. Last week, 35 startups raised $261.21 million.
Ather Energy raised Rs 60 crore ($7 million) in debt from Stride Ventures, its second infusion in two months, bolstering funds ahead of its potential IPO. Having raised $450 million to date, Ather recent converted to a public company, signaling progress toward a public listing.
