ETtech Deals Digest: Indian startups raise $160 million this week, up 75% on-year

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Here’s a summary of the funds raised by Indian startups from June 7 to June 13, organized by startup, founders, funding series, investors, and date:

1. Cred

  • Founders: Kunal Shah
  • Funding Series: Not specified
  • Amount Raised: $72 million
  • Investors: GIC (via Lathe Investment)
  • Valuation: $3.5 billion (reduced from $6.4 billion)
  • Date: June 2023

2. Flexiloans

  • Founders: Not specified
  • Funding Series: Not specified
  • Amount Raised: $43.8 million
  • Investors:
    • Fundamentum (Nandan Nilekani)
    • Accion Digital Transformation (US-based)
    • Nuveen (American asset management)
    • Maj Invest (Denmark-based)
  • Date: June 2023

3. Vecmocon Technologies

  • Founders: Not specified
  • Funding Series: Series A
  • Amount Raised: $18 million
  • Investors:
    • Ecosystem Integrity Fund (EIF)
    • Blume Ventures
    • Aavishkaar Capital
  • Date: June 2023

This data indicates that the total funding during the week reached approximately $160.3 million across these significant transactions.

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2025-06-13 15:06:00