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    Indian fintech sector sees 59% drop in funding in H1 2024, remains among top three globally

    The fintech sector saw a nearly 60% slump in funding for the first six months of 2024. Startups in the space raised $795 million during this period, as against $1.9 billion in the first half of 2023.

    Tech-enabled construction startup Wify raises funding from Mount Judi Ventures, Capria Ventures

    The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories. Wify will also The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories, company said in a statement.

    SaaS startup Rocketlane raises $24 million in funding

    B2B SaaS startup Rocketlane has raised $24 million in funding led by 8VC, Matrix Partners India and Nexus Venture Partners. The company will use the funds to launch new products, innovate its customer portal, and accelerate its AI plans, it said in a statement. Rocketlane has so far raised $45 million in funding.

    Fintech sector will dominate future Unicorns at USD 58 billion: Hurun report

    The total worth of India's future unicorns will stand at USD 58 billion, an increase of 1.2 per cent as compared to last year. Fintech sector leads with the highest number of companies that can become Unicorns in future.

    Revenue automation startup MeetRecord raises $2.7 million funding from SWC Global, others

    MeetRecord, based in Bengaluru, offers AI-powered analysis of conversation data from emails and calls to improve sales conversions. Prior to this pre-series A funding round, the company had raised $310,000 in 2021 from All In Capital and Powerhouse Ventures.

    Early-stage VC Z21 Ventures planning $40 million second fund

    Z21 Ventures, an early-stage investment firm focusing on the India-US corridor, has fully deployed its first $5-million fund and is gearing up to launch a $40 million second fund. The firm, founded in 2022 by Abhinav Shashank and Raj Shekhar Singh, targets enterprise software and hardware startups with investments ranging from $100,000 to $150,000, backed by a community of Indian-origin technology executives like Google, Amazon, and Meta.

    The Economic Times
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