Monthly funding report: Indian startups raised $3.4 Bn in September


It’s been another bumper month with large pools of money flowing into the Indian startup ecosystem. Startups in India collectively 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 mopped up over $1 billion, three startups — MPL, Vedantu and Apna — have attained unicorn status.


In Entrackr’s first edition of a ‘monthly funding report,’ here are details of the top 10 deals in both the growth stage and early-stage investments in September:

Growth/late-stage deals

In growth and late-stage deals, 41 startups raised approximately $3 billion. Meesho, Cars24, Ola Electric, OfBusiness, Byju’s, MPL, Delhivery, Pine Labs, Vedantu and Apna have made it to the top 10 list.


You can find details of the 195 funding rounds here.

Early-stage deals

In early-stage deals, a total of 114 startups participated and raised around $467 million. Debt provider CredAvenue raised $90 million in Series A and became the top-funded early-stage startup in September followed by Bright Money, BluSmart, FrontRow and Karbon—which raised $31 million, $25 million, $14 million and $12 million, respectively.


Undisclosed deals 

This month a record 40 startups did not disclose the details of their transactions. While most of the startups in this list are in their early-stage, growth-stage company Razorpay also did not provide investment details. Per media reports, the digital payments firm had received an undisclosed sum from Salesforce Ventures, the investment arm of US-based enterprise tech firm Salesforce.

*Back next month with another deal roundup

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