Funding Galore: Indian Startup Funding Of The Week [Jan 20-25]
India, Jan. 25 -- We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!
In one of the biggest funding rounds, Clean energy startup ReNew Power has raised $450 Mn funding through a dollar bond issuance. ReNew Power is planning to use this funding to refinance its previous borrowing, which will be maturing next year. Moreover, $65 Mn of the funding will be used to meet its future capital requirements.
Since its launch, the company has emerged as India's largest renewable energy producer in terms of total energy generation capacity. In the last three fiscal years, the company has also managed to double its operational capacity.
Overall, 19 startups raised around $972 Mn funding and one acquisition took ...
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