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Indian Startups Raise $113.39 Million in Funding This Week

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.

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Ather Energy Secures Rs 60 Crore Debt Ahead of IPO

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.

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