Get All Access for $5/mo

Top Funding Highlights: Startups of the Week [May 24–31] The startups with the highest funding raised this week, from May 24 to May 31, are listed below. A quick rundown of them is as follows:

By Minakshi Sangwan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[T-B(L-R)] Founders of BluSmart, Zypp Electric, Libas, Infra.Market, & Euler Motors

Flipkart: Founded in October 2007 by Sachin Bansal and Binny Bansal, Flipkart is a Bengaluru-based e-commerce company. The company started off selling books online before branching out into other product categories like groceries, clothes, home goods, technology, and lifestyle items.

Funding Amount: USD 350 Mn

Investors: Google

Infra.Market: Launched in 2016 by Souvik Sengupta and Aaditya Sharda, the Thane-based Infra.Market sells construction materials, infrastructure goods, and technical equipment. The platform caters to both institutional customers (B2B) and retail outlets (D2R) in the construction materials sector.

Funding Amount: USD 50 Mn

Investors: MARS Unicorn Fund

Euler Motors: Established in 2018 by Saurav Kumar, the New Delhi-based startup specialises in building electric three-wheeler vehicles for intra-city goods transportation.

Funding Amount: Additional INR 200 Cr

Investors: British International Investment, Blume Venture, and Piramal Alternatives India Access Fund

BluSmart: Started In 2019 by Anmol Singh Jaggi, Punit K Goyal, and Puneet Singh Jaggi, the Gurugram-based company provides electric ride-hailing mobility services.

Funding Amount: USD 25 Mn

Investors: Undisclosed. Its existing investors, such as BP Ventures, Survam Partners, Mayfield India Fund, 9Unicorns (now 100Unicorns), JITO Angel Network, Green Frontier Capital, Stride Ventures, Alteria Capital, and BlackSoil, are most likely to participate in the round.

Zypp Electric: Founded in 2017 by Akash Gupta, Rashi Agarwal, and Tushar Mehta, the Gurugram-based Zypp Electric provides electric scooters to local merchants and e-commerce companies for last-mile deliveries.

The company currently delivers groceries, medicines, food, and e-commerce packages from point A to point B through their fully automated IoT and AI-enabled scooters.

Funding Amount: USD 15 Mn

Investors: ENEOS, 9 Unicorns, IAN Fund, Venture Catalysts, and WFC

TechnoSport: Founded in around 2015 by Sunil Jhunjhunwala and Sumit Santhalia, the Bengaluru-based brand offers high-performance apparel tailored for the Indian market at remarkably affordable prices.

Funding Amount: INR 175 Cr

Investors: A91 Partners

Libas: Led by Sidhant Keshwani, the Delhi-based platform provides comfortable fusion silhouettes and ethnic wear for women. It is available online at Flipkart and Myntra, and it is also available offline at EBOs, big-box stores, and multi-brand outlets.

Funding Amount: INR 150 Cr

Investors: ICICI Venture

Minakshi Sangwan

Junior Writer

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Broadcom Stock Soars on AI Growth Outlook

Broadcom's next-generation AI chips, built with advanced 3-nanometer technology, are set to debut in the spring

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.