Start-ups in State raised $332 mn in Q2

Around 10 received angel investments

Tamil Nadu-based start-ups have raised $332 million through 10 deals in the second quarter of 2021 (April-June). During the same period last year, start-ups in the State attracted $14 million in private equity and venture capital in six deals, show data from Venture Intelligence, a research service focused on private company financials, transactions, and their valuations. But this quarter cannot be compared with the same period last year as the entire nation was under lockdown, and there was uncertainty across sectors. In the first quarter of 2021, $510 million came through 10 deals. Some of the big deals that happened during the quarter ended June 30 are Star Health and Allied Insurance Company ($164 million), ChargeBee ($125 million), Detect Tech ($12 million), AgniKul Cosmos ($11 million) and Ki Mobility Solution ($11 million).