$1 Bn Raised In July By Indian Startups

In a significant development for the Indian startup ecosystem, startups in the country have together raised over $1 Bn in the month of July this year.

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Data collated by TheKredible shows that Indian startups raised a total of $1.03 bn across 126 deals in the month ended July.

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These included 28 investment deals in the growth stage and amount to $725 million, and 72 early-stage deals amounting to $311.83 million.

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The report underlines the fact that though funding backed off the previous month’s $1.93, it stands as the highest ever in the month of July for the last three years.

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Rapido’s round catapulted it into the unicorn club, making it the third firm, this year, to reach a billion-dollar valuation in 2024.

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BluPine, Simple Energy, Newme, and Stable Money also came in with strong contributions of $28.8 million, $20 million, $18 million, and $15 million, respectively.

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