Venture capital (VC) funding into Indian startups saw an uptick in the third week of September, with the push coming in from slightly higher-value deals in the late-stage funding category. The total funding for the third week stood at $245 million across 19 deals.
In contrast, the previous week saw a total infusion of $146 million. This rise in VC funding value comes as a relief for the Indian startup ecosystem, given that for the past three weeks, the total amount was hovering around the $100-million range.
The boost to VC funding largely comes from the growth- and late-stage categories, as the number of deals is lower in number but the value remains high.
This week, the growth and late stages of funding raised capital in the range of $80 million each. In addition, this was spread across sectors, including fintech, EVs, B2B, and D2C.
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