{"id":35236,"date":"2024-12-02T14:15:00","date_gmt":"2024-12-02T14:15:00","guid":{"rendered":"https:\/\/newstimers.com\/index.php\/2024\/12\/02\/investors-confidence-started-increasing-in-terms-of-vc-funding-in-the-country-startups-raised-funding-of-145-million-this-week\/"},"modified":"2024-12-02T14:15:00","modified_gmt":"2024-12-02T14:15:00","slug":"investors-confidence-started-increasing-in-terms-of-vc-funding-in-the-country-startups-raised-funding-of-145-million-this-week","status":"publish","type":"post","link":"https:\/\/newstimers.com\/index.php\/2024\/12\/02\/investors-confidence-started-increasing-in-terms-of-vc-funding-in-the-country-startups-raised-funding-of-145-million-this-week\/","title":{"rendered":"Investors&#8217; confidence started increasing in terms of VC funding in the country, startups raised funding of $ 145 million this week."},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>New Delhi<\/strong><br \/>Investor confidence in VC funding has started increasing in the country. With this, the domestic startup ecosystem has raised funding of more than $145 million. Publicly listed gaming firm Nazara raised $101.3 million through the issuance of preferential shares led by investors like SBI Mutual Fund, CaratLane founder Mithun Sacheti and Amara Capital. ShopDeck, the direct-to-consumer (D2C) e-commerce enabler, raised $8 million in funding led by Bessemer Venture Partners, with participation from Elevation Capital, Venture Highway and Chiratae Ventures.<\/p>\n<p>ShopDeck empowers sellers across categories including apparel, jewelry, footwear, and home decor, generating more than $150 million in sales annually. MSME-focused digital lender NeoGrowth raised debt funding of up to Rs 42 crore (about $5 million) from UTI International Wealth Creator.<\/p>\n<p>Tech-driven cross-border specialty chemical distribution platform Alchemy has raised $5.6 million in a Series A funding round. The round was led by Prime Venture Partners, with participation from existing investor InfoEdge Ventures. Biomaterials startup Ukhi has raised $1.2 million in pre-seed funding to accelerate its mission to develop new, biodegradable and compostable biomaterials aimed at transforming the sustainable packaging industry.<\/p>\n<p>A total of 984 venture capital (VC) funding deals were announced in India during January-October 2024, an improvement of 5.8 per cent year-on-year in deal volume. The total announced funding value of these deals increased by 44.4 percent to $9.2 billion during the same period, according to leading data and analytics company GlobalData.<\/p>\n<p>The report states that there has been a major improvement in VC funding activity in India during the year, due to which the confidence of investors is increasing again. India&#8217;s share in the total VC deals announced globally during January-October 2024 was 7.1 percent.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>New DelhiInvestor confidence in VC funding has started increasing in the country. With this, the domestic startup ecosystem has raised funding of more than $145 million. Publicly listed gaming firm Nazara raised $101.3 million through the issuance of preferential shares led by investors like SBI Mutual Fund, CaratLane founder Mithun Sacheti and Amara Capital. ShopDeck, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35237,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/mpshining.com\/wp-content\/uploads\/2024\/12\/start_up.jpg","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":{"0":"post-35236","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investors&#039; confidence started increasing in terms of VC funding in the country, startups raised funding of $ 145 million this week. - News Timers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newstimers.com\/index.php\/2024\/12\/02\/investors-confidence-started-increasing-in-terms-of-vc-funding-in-the-country-startups-raised-funding-of-145-million-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors&#039; confidence started increasing in terms of VC funding in the country, startups raised funding of $ 145 million this week. - News Timers\" \/>\n<meta property=\"og:description\" content=\"New DelhiInvestor confidence in VC funding has started increasing in the country. With this, the domestic startup ecosystem has raised funding of more than $145 million. Publicly listed gaming firm Nazara raised $101.3 million through the issuance of preferential shares led by investors like SBI Mutual Fund, CaratLane founder Mithun Sacheti and Amara Capital. 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