Sunny days for venture investments

The second week of July keeps the momentum going for venture funding into Indian startups, with total investments standing at $847 million.
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The second week of July keeps the momentum going for venture funding into Indian startups, with total investments standing at $847 million

This was primarily due to $600 million raised by fintech unicorn Pine Labs in a round led by Fidelity and BlackRock, and Tiger Global leading a $144 million round in social commerce startup Deal Share.

There were 27 deals during the week, with 22 of these transactions in the early-stage category followed by three in the late-stage and two in growth.

Venture funding in the Indian startup ecosystem has already crossed $10 billion within the first six months of the year, across 543 deals from around 990 active investors in the ecosystem. 

This is already more than the $9.94 billion raised in the whole of last year, with 2021 on track to become the year with the highest-ever funding raised.


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Before you go, stay inspired with… 

“One major factor (for the growth) in my opinion is the emergence of startups founded by second-time entrepreneurs. These founders are already experienced and know how to scale-up and this is exactly the reason why the ticket-size for early-stage funding is getting larger.” 

Anuj Golecha, Co-Founder, Venture Catalysts 


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