[Funding Galore] From Cars24 To Delhivery- Over $900 Mn Raised By Indian Startups This Week
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India, Sept. 25 -- Further continuing its recovery, the Indian startup ecosystem has witnessed a 58% jump in the amount of capital infused as compared to last week and a 101% jump from the week prior.
This week, while no Indian startup entered the celebrated unicorn club, the ecosystem has managed to raise $900 Mn across 38 deals. The week also saw software-as-a-service (SaaS) based unicorn Freshworks get listed on the US stock exchange NASDAQ.
The highest funding this week was raised by online used car marketplace - Cars24. The automobile unicorn raised $450 Mn led by DST Global, Falcon Edge and SoftBank Vision Fund, at a valuation of $1.84 Bn.
The week also saw former Tiger Global executive Lee Fixel's Addition pump in $125 Mn in Gur...
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