Welcome back to TechMantras!

Your one-stop guide for information on the Indian startup Ecosystem.

Every week, I consume various articles on the Indian startup ecosystem, and deliver exciting metrics and developments through a quick read.

🚀 Developments the past week

• This week, 14 Indian startups raised a total of $128 Million.

• Only 1 round of layoffs has taken place.

• Although weekly funding has seen a decline, The EV space having seen roughly $630 Million to date

  

💸 Significant Funding Rounds

• Vendor Digitization platform Bizongo raises $50 Million(which was accompanies by a 15% employee downsizing round)

• House of Brands unicorn Mensa bags $40 Million in Funding.

• EV startup Bolt.earth raises $20 Million

🚨 Highlights of the week

1. Teenage internship platform raises $215k from CIIE.CO IIM and American Chase Founders

Launched in a small town in Madya Pradesh, YouVah had surprisingly already clocked 15000 registered users within the first month.

According to the Co-founder, ‘with the National Educational Policy encouraging internships, schools are embracing this culture more than ever.’

2. AI startup Aampe raises $7.5 Million

The company defines itself as a reinforcement learning infrastructure for a company’s communication stack, and automates content creation, conversion tracking, and more.

The round was lead by Peak XV Partners(formerly Sequoia Capital India)

3. Handloom Ethical clothing brand raises $3.3 Million

Dressfolk is on a mission to modernize traditional Indian Weaves while empowering local artisan communities.

They partner with more than 600 weavers and 120 artisans across 6 states

‘Not just Made in India, but Made Of India.’

And that’s all for today friends! Thanks for reading, and I would love to hear your thoughts.

As always, feel free to reach out to me on LinkedIn or Twitter!

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