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Homegrown GenAI startup Vodex on Wednesday said it has raised $2 million in a seed round from Unicorn India Ventures, and Pentathlon Ventures.The funds raised will be used for global expansion as the startup plans to scale their business to at ...
Homegrown GenAI startup Vodex on Wednesday said it has raised $2 million in a seed round from Unicorn India Ventures, and Pentathlon Ventures.
India has the third-largest startup network in the world, making it the ideal spot to invest capital. Even with the ongoing funding winter and a slowdown in the tech industry, Indian startups have faced the headwinds with conviction as they pivoted businesses, cut down on excess, and focused on unit economics. Several startups have turned their ventures into profitable companies, which has made some of the largest global investors continue capital infusion in Indian businesses.
In 2022, Unicorn India Venture's partial exit from Open Bank resulted in an 85-90x blended return, giving 2x to LPs
This week, Indian startups have managed to raise $257 Mn across 18 deals, 395% jump from $52 Mn raised last week across 12 deals