Top Indian startup fundraising July 2020
Top Indian startup fundraising July 2020
  • Here are the top startup fundraisings in July according to data intelligence firm Tracxn.
  • There was barely any big-ticket funding and the focus of investors seemed to be on early-stage startups.
  • Over 60 startups raised money in the month, however, most of the funding was concentrated in the seed round.

The month of July continued to see startups raise funds. Over 60 startups raised money in the month, however, most of the funding was concentrated in the seed round. It seemed like early stage startups took investor attention as 44 seed-stage startups got cheques from investors.

Here are the top startup fundraisings in July according to data intelligence firm Tracxn.

Zolo stays, the Bangalore based co-living brand, was the top funded startup of the month. On 7th July 2020, Zolostays raised $56 Million in a Series C round led by Investcorp, Nexus Ventures Partners, Mirae Assets, Trifecta Capital among others. The funding round takes the total capital raised by the company to $90 million.

Muse Wearables, the hybrid smartwatch company from IIT Madras too raised $3 million. The startup was in the news for developing a COVID-19 wearable tracker.

Meanwhile, video sharing platforms also gained traction after the ban on TikTok in June-end. The Tiktok clone, Mitron, raised funds in early July, while Sharechat, which recently launched a video sharing platform Moj, is reported to have raised $40 million.

Read Full list on : businessinsider.in