startup india

[Funding alert] Chandrayaan-2 Scientist's SpaceTech Startup PierSight raises $600K in Pre-seed Funding

QuriousBit, has recently secured $2 million in its initial funding round. Lumikai, a leading VC fund in India specializing in Gaming and Interactive media, took the lead in this investment round, with General Catalyst joining as co-investors.

Pilgrim, a D2C personal care company, secured $20 million in its most recent round of funding, which was spearheaded by Vertex Ventures Southeast Asia and India. Existing investors Fireside Ventures and the Narotam Sekhsaria Family Office also participated in the round.

Commerce and Industry Minister Piyush Goyal highlighted the success of Startup India by announcing a notable increase in the number of government-recognized startups, from 450 in 2016 to over 100,000 today.

Legistify, a legaltech platform has secured $4 million in a Series A funding round in preparation for a global expansion.

The Government of Tamil Nadu will create a ‘Co-creation Fund’, a unique Fund-of-Funds model designed to participate in private sector VC Funds. Particular focus will be on funds investing in Regional Startups and sectors like Rural Impact, Women-led, and Climate Action.