By Manish Singh
India may be grappling with the second wave of the coronavirus, rising unemployment, and a dwindling economy, but the South Asian nation’s burgeoning startup ecosystem has never had it better.
High-profile investors in India have long aggressively chased growth-stage, and late-stage deals, pouring record amounts of capital into the world’s second largest internet market. But in a sign of the growing investor bullishness regarding Indian startups, even early-stage companies that have largely been bereft of much similar attention in recent years are now sharing the limelight.
More than 70 early-stage Indian startups are currently in advanced stages of talks to raise money, according to sources familiar with the matter. The size of the investments vary from a few million dollars to up to $100 million. TechCrunch is reporting some of the more notable deals today.
The usual caveat — that many of deals haven’t yet closed, and that their terms could change or the talks may not materialize into an investment — applies in our reporting. The deals described below have not been previously reported.
Source: Tech Crunch