Venture investments bounce back in last week of October; reaches $225M

Date posted: Monday 2 November 2020

The last week of October ended on a positive note as venture funding into Indian startups touched $225 million. This steep rise follows after last week, where venture funding into startups stood at a meagre $20 million. However, the cumulative funding for the month stood at $542 million, much less as compared to September, which reported $1.8 billion in funding. In the fifth week of October, a total of 18 deals were signed, of which 12 are in early-stage, five in growth-stage, and one in the late-stage. In recent months, the venture funding into the Indian startup ecosystem has seen an improvement after being severely impacted, starting in March with the lockdown due to the COVID-19 pandemic

(Your Story)  

Tags: