This marks a significant leap from $12.9 million in 2023 and $1.5 million in 2022.
The year also witnessed four Series A funding rounds, compared to just one in 2023 and none the year prior. Chennai-based Mindgrove Technologies, a fabless semiconductor design startup, led the funding race with $8 million raised in a Series A round. Bengaluru's FermionIC Design, specialising in chipsets for wireline and wireless communication systems, followed with $6 million in seed funding. Top investors, including Peak XV Partners, Speciale Invest, and Celesta Capital, have actively backed the sector.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Dixon Lines Up $3-Bn Display Fab Unit
Lall said it is a high Ebitda margin business for the company.
IT firms see shift to shorter deal cycles
CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
Kotak Bank to Maintain Its Margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
Zomato Q3 profit plummets, misses estimates
FOOD & GROCERY DELIVERY FIRM'S REVENUE ROSE 64% TO ₹5,405 CR; BLINKIT BOOSTS EXPANSION TO OUTPACE RIVALS
Billionaire wealth soars 3x faster by $2 trillion in 2024
BILLIONAIRE WEALTH ACROSS the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday as the richest of the world began to assemble for their annual jamboree in this ski resort town.
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
TVS enters electric 3-wheeler mkt
TVS MOTOR COMPANY on Monday entered the electric three-wheeler market with the launch of its King EV MAX model.
Biocon seeks tax cuts on cancer drugs
THE GOVERNMENT SHOULD eliminate tax on drugs for cancer treatment and for chronic and rare diseases, Biocon chairperson Kiran Mazumdar-Shaw said ahead of the FY26 Budget on February 1.
NCLT Orders Liquidation of Go First
THE NATIONAL COMPANY Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes.
Govt Allows 1 MT of Sugar Exports After Gap of a Year
● Traders welcome move; sugar firms' share prices rise
