Tech Story

Weekly Startup Funding Roundup (September 12 to 16)

The startup ecosystem in India witnessed an increase in venture capital funding this week as investors started to show more optimism in the startup market.

Past weeks had been tough times for startups in India as highly volatile capital markets and increasing inflation rates in major economies continued to keep investors at a bay.

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Entrepreneur India

EPACK Durable Raises $40 Mn In Affirma Capital-Led 2nd Round

EPACK Durable Private Limited (EDPL) has announced a second round of capital infusion of $40 million led by Affirma Capital. The company raised $24 million from ICICI Venture in its first round of investment last year.

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Business Outreach

EPACK Durable, leading manufacturer of room air conditioners, raises USD 40 million

Established in Greater Noida in 2002, EPACK Durable manufactures room air conditioners and small household appliances with manufacturing facilities at Dehradun and Bhiwadi, Rajasthan.

EPACK Durable, a leading outsourced design manufacturer of room air conditioners, on Thursday, said it has raised USD 40 million (around Rs 318 crore) in a second round of funding led by Affirma Capital.

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