Indian startups raised $3.4 billion in September
It has been another boom month with large amounts of money pouring into the Indian startup ecosystem. Startups in India combined raised $3.4 billion in September. This included 41 growth stage deals, 114 early stage deals while investment in 40 startups remained undisclosed. Where Meesho and Cars24 alone have surveyed over $1 billion, three startups – MPLAnd I see And sons – I got a unicorn status.
in a INTRACRThe first issue of the Monthly Finance Report, here are the top 10 deals in both the growth phase and early-stage investments in September:
Growth/Late Phase Deals
In growth and late stage deals, 41 startups have raised nearly $3 billion. Meesho, Cars24, Ola Electric, OfBusiness, Byju’s, MPL, Delhivery, Pine Labs, Vedantu and Apna made it to the top ten list.
You can find details about 195 financing rounds Here.
early stage deals
In the early deals, a total of 114 startups participated and raised about $467 million. Raise debt provider CredAvenue $90 million in Series A and the early-stage startup became the highest-funded in September, followed by Bright Money, BluSmart, FrontRow and Karbon — which raised $31 million, $25 million, $14 million and $12 million, respectively.
This month, 40 startups did not disclose their transaction details, a record number. While most of the startups on this list are in their early stages, Razorpay also didn’t provide investment details. According to media reports, the digital payments company received an amount Undisclosed amount From Salesforce Ventures, the investment arm of US-based enterprise technology company Salesforce.
*Back next month with another deal report