From InMobi To Centricity – Indian Startups Raised $227 Mn This Week

From InMobi To Centricity – Indian Startups Raised $227 Mn This Week

SUMMARY

Indian startups cumulatively raised $227.1 Mn across 22 deals, a 34% decline from the $348 Mn raised last week via 19 deals

The week saw one mega funding round materialise when IPO-bound startup InMobi bagged a debt of $100 Mn from Mars Growth Capital

Moneyview vaulted into the coveted unicorn club this week after raising $4.6 Mn from Accel and Nexus Ventures at a valuation of $1.2 B

Funding across the Indian startup ecosystem entered slow lane in the mid week of September after a brief uptick in momentum. Between September 9 and 14, startups cumulatively raised $227.1 Mn across 22 deals, marking a 34% decline from the $348 Mn raised via 19 deals in the preceding week. 

Despite the marginal decline, the week saw one mega funding round materialise when IPO-bound startup InMobi bagged a debt of $100 Mn from Mars Growth Capital. 

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