From Drip Capital To Rapido – Indian Startups Raised $348 Mn This Week

From Drip Capital To Rapido – Indian Startups Raised $348 Mn This Week

SUMMARY

Between September 2 and 7, Indian startups collectively mopped up around $348 Mn in funding across 19 deals

Rapido’s fundraise, the traveltech sector became the funded sector with an investment of $204 Mn deals

Ather Energy is looking to file its DRHP with the SEBI next week for an INR 4,500 Cr IPO in a mix of a fresh issue and offer for sale (OFS)

The month of September started relatively in a high spirit as far as the startup funding is concerned. In the first week of the ongoing month, i.e., between September 2 and 7, Indian startups collectively managed to secure $348 Mn in funding across 19 deals, 25% lower than $466 Mn raised by 16 startups in the closing week of August. 

The week further saw two mega deals with Drip Capital bagging $133 Mn, and Rapido finally announcing its massive $200 Mn funding from WestBridge Capital. 

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