new Delhi12 minutes ago
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July was a good month for start-up companies. This month has helped startup companies to raise funding continuously.
- Bangalore’s Ko Living Brand Company Xolo Stay topped fund raising
- Most of the funding went to startups that started their business very early
July was a good month for start-up companies. This month has helped startup companies to raise funding continuously. More than 60 start-up companies have raised substantial funds. Much of the funding went to startups that started their businesses very early.
In July, the top startups that raised a significant amount –
|name of the company||How much fund received (USD)|
|Big Bang Boom Solution||1,475,920|
|Blue Sky Analytical||1,205,310|
Xolo raised C round funding of around Rs 425 crore
Bangalore-based Ko Living brand company Xolo Stay has topped the fund raising month. On July 7, Jolo Stay raised around Rs 425 crore of C round funding under the Series Fund. It raised the fund under the leadership of Invest Corp from Nexus Ventures Partners, Mirai Asset, etc. The company had also raised a total of $ 90 million.
Ban on Chinese applications also has an advantage
Ige Madras’s smart watch company Muse Veerables had raised a similar amount of $ 3 million. This company built a tracker tracking the Kovid-19. Similarly, video sharing platform Mitra also raised money in early July. While Share Chat recently raised $ 40 million funding. All this happened when Chinese apps were banned. Block chain startup Chitomonx also managed to raise money from Unicorn India Ventures.