Get All Access for $5/mo

The Best Startup Funding This Week [May 11–May 17] The startups that have raised the most money this week, from May 11 to May 17, are listed here. Here's a quick rundown of them:

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 GreenCell Mobility, Centre for Sight, RED.Health/LinkedIn, Niqo Robotics, & Celcius Logistics

GreenCell Mobility: Launched in 2019 by Devndra Chawla, the Mumbai-based platform offers commercial transportation e-mobility solutions. It manages intercity commercial transportation by integrating and creating linked platforms and e-mobility infrastructure, using electric buses and other commercial vehicles.

Funding Amount: INR 3 Bn Green Financing

Investors: Sumimoto Mitsui Banking Corporation (SMBC)

Centre for Sight: Founded in 1996 by ophthalmologist and Padma Shri awardee Dr Mahipal Sachdev, the New Delhi-based eye care chain CFS offers a full suite of eye care services, including cataract surgery, LASIK and Smile treatments, treatments for retinal issues and glaucoma, oculoplasty, as well as pediatric eye care.

Funding Amount: USD 100 Mn

Investors: ChrysCapital

RED.Health: Established in 2016 by Prabhdeep Singh, the Hyderabad-based RED.Health runs both air and road ambulance services, catering to both inter- and intra-city needs. The platform allows large hospitals, health apps, and wearable operators to enable plug-and-play medical response in case of an emergency.

Funding Amount: USD 20 Mn

Investors: Jungle Ventures, Alteria Capital, HealthQuad, and HealthX

Niqo Robotics: Started in 2015 by Jaisimha Rao, the Bengaluru-based Niqo Robotics specialises in crafting compact agricultural robots empowered with AI-driven computer vision technology, which claims to reduce costs and increase profitability.

Funding Amount: USD 13 Mn

Investors: Bidra Innovation Ventures, Omnivore, and Fulcrum Global Capital

Celcius Logistics: Introduced by Swarup Bose, the Mumbai-based Celcius Logistics connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last-mile and hyperlocal deliveries.

Funding Amount: INR 40 Cr

Investors: IvyCap Ventures, Mumbai Angels, and Caret Capital

Minakshi Sangwan

Junior Writer

Data & Recovery

Get $60 off This Portable VPN Travel Router

Why keep paying for a VPN service when you can have a tiny, lightweight piece of hardware that can provide you with a lifetime of maximum VPN protection?

Growing a Business

6 Effective Strategies to Secure Funding

Use these six proven strategies to secure the funding you need.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Business News

In Just 3 Words, Kevin O'Leary Offers a Grim Outlook on Interest Rates and Inflation

The "Shark Tank" star appeared on Fox Business' "Sunday Night in America with Trey Gowdy" and said it is "hard to see" mortgage rates dropping any time soon.

Business News

Toyota Loses Over $15 Billion in Market Value After Investigation

The company was accused of falsifying engine test results that stopped shipment on three vehicle models earlier this year.

News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.