Tuesday, November 12, 2019

Weekly funding report: Indian startup ecosystem draws $474 million in first week of October

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The fresh week of October brought some relief to the startup sector as the Indian startup ecosystem was able to draw $474 million (approx INR 3,357 crore) against last week’s poor performance with only $88 million in pocket.

One of the hottest deals of the week was commenced by Udaan, a B2B e-commerce platform, raising $585 million (approx INR 4,171) from TencentLightspeed Venture partnersDST Global and a clutch of investors.

While, other startups, contributing into the funding galore are as follows:

Besides, other deals that surge the funding for the current week includes some early stage and late stage funding rounds.

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