This week 40 Indian startups raised funding, of which 28 received a total sum of about $1010 million or $1.01 billion. Among them, Oyo raised the highest funding of about $660 million(debt), followed by Delhivery and Ola Electric, which raised $100 million each.
Meanwhile, funding for 12 of the total funded startups remained undisclosed.
Below is the summary of deals closed this week
Delhivery: IPO-bound logistics and supply chain services startup Delhivery has raised $100 million in equity from FedEx Express, a subsidiary of the global logistics giant FedEx Corporation, and the two companies will enter into a long-term commercial agreement following the transaction.
Ola Electric: Ola Electric has raised $100 million in long term debt from Bank of Baroda in what appears to be the largest long-term debt financing agreement in the Indian EV industry.
Oyo: Hospitality firm Oyo has announced that it has raised a Term Loan B (TLB) funding of $660 million from global institutional investors.
Inshorts: News aggregator Inshorts, which also operates location-based social media…
