Tatsat Chronicle Magazine

Indian startups raise $10.8 billion in the last two months, says report

September 19, 2021
indian startups

Indian tech startups have raised $10.8 billion in the last two months, a report by business intelligence firm Tracxn has said. The report further revealed that 256 deals were cracked in July and August 2021. 

The Indian tech startup ecosystem had raised $6.5 billion across 412 deals in the April to June quarter of 2021. The ecosystem raised $5.7 billion across 432 deals in the January to March quarter, the report added. 

List of top 7 start-ups  

MPL: E-sports and skill gaming platform Mobile Premier League (MPL) have raised a new round and entered the coveted unicorn club. According to media reports, the company has raised around $150 million in this round. 

Apna: Professional networking platform for blue and grey collar workers Apna said it had scooped up $100 million in its Series C round led by existing investor Tiger Global Management at a valuation of $1.1 billion, making it one of the fastest start-ups to achieve the coveted unicorn status. 

Pine Labs: Merchant commerce platform Pine Lab has raised $100 million from Invesco Developing Markets Fund.  

Bright Money: Bengaluru and San Francisco-based wealth management start-up Bright Money has secured $31 million in funding from Sequoia Capital India, Falcon Edge Capital and Hummingbird Ventures.   

Bidgely: California and Bengaluru-based Bidgely on Thursday announced the closing of a $26 million round of strategic financing to bolster its UtilityAI™ platform deployed around the world.  

BetterPlace: BetterPlace, a platform for blue-collar workforce management, has raised $24 million in its Series C funding round led by Delhi-based CX Partners and Singapore-based Jungle Ventures. 

Mensa: Mensa has raised $10 million from Tiger Global. The fresh tranche for the firm has come after raising $33 million co-led by Alpha Wave Incubation (AWI) and Norwest. 

Eupheus: Learning: B2B edtech start-up Eupheus Learning has raised $10 million in its Series C round led by private equity platform Light rock India.