Top 10 Business News on funding.
                     Top 10 Business News on funding
1. Indian start-ups raised a record $14.5bn
In 2019, start-ups raised $14.5 billion in 1185 
funding rounds out of which 459 were Series A 
and late-stage investments. This is a 
significant jump from $10.5 billion raised by 
young ventures in 2018 and $10.4 billion in 
2017.
Source: Google Images
2. Citibank gives order worth $200 
million to HCL Tech’s BPO
If market rumours and a recent TOI report are to 
be believed, HCL Tech’s BPO has won a $200 
million outsourcing order from Citibank. This will 
possibly create more than 800 jobs within the 
company and comes at the back of a recent $250 
million outsourcing deal with UBS
Source: Google Images
3. Yogi Adityanath launches Uttar 
Pradesh Startup Fund
Uttar Pradesh Chief Minister Yogi Adityanath 
launched the 'Uttar Pradesh Startup Fund' and 
handed over the first installment of Rs 15 crore. 
He said it was important to bring a new startup 
policy for agriculture, health, education and other 
important sectors so that the youth can connect 
with it.
Source: Google Images
4. Euler Motors raises Rs 20 crore in 
fresh funding
Automotive technology startup Euler Motors on 
Tuesday said it has raised Rs 20 crore as part of 
its ongoing series A funding. The company has 
also established a network of 100-plus charging 
infrastructure in Delhi-NCR for charging over 200 
electric vehicles at any point.
Source: Google Images
5. Fosun RZ Capital leads $17 
million funding round in IRP Systems
Founded in 2015 by Moran and Paul Price, IRP 
Systems specializes in high-performance 
electric powertrain systems for a variety of e-
mobility platforms, enabling powerful and 
affordable electric vehicles.
Source: Google Images
6. Refrens bags funds from angel 
investors
Refrens, which helps freelancers and small 
businesses with invoices and payment, has 
raised funds from a group of angel investors 
including Paytm’s Vijay Shekhar Sharma and 
Shaadi.com founder Anupam Mittal.
Source: Google Images
7. Micro VCs fight for relevance as 
bigger funds dig in
India’s micro venture capital firms are at a 
crossroads a decade after first bursting onto 
the scene, as they fight for deals with larger 
investors who have increasingly gone deeper 
and earlier in a hyper-competitive startup 
ecosystem.
8. CoinDCX raises $2.5 mn in funding 
round
Cryptocurrency exchange CoinDCX said it has 
raised $2.5 million (around Rs 18.92 crore) in a 
funding round led by crypto investment 
platform Polychain Capital, in its second 
fundraise since the beginning of the lockdown.
Source: Google Images
9. Agritech startup Eggoz raises Rs 2.5 
crore
Agritech startup Eggoz, which is into the business 
of egg production, has raised Rs 2.5 crore from 
investors to fund its expansion plans. The startup 
is a full-stack egg producer of nutrition-rich eggs. 
It operates a network of poultry farms in Bihar 
and Madhya Pradesh.
Source: Google Images
10. India tops China in fintech funding
The economic shock stemming from the 
outbreak of the coronavirus have decreased 
investor appetite for fintech. As Covid-19 has 
destabilised private capital markets, the first 
quarter of 2020 was one of the worst quarters 
in 2 years for Venture Capital-backed fintech.
Source: Google Images