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

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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.

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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.

Funding

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.

Funding

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

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