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From Jumbotail To InCred Finance — Indian Startups Raised $315 Mn This Week

  • Indian startups raised a total of $314.6 million this week, with Jumbotail becoming India's 124th unicorn.
  • Ecommerce emerged as the most favored sector, attracting $155.6 million in investments, led by Jumbotail's $120 million funding round.
  • Funding activities were diverse, with notable investments in sectors like fintech, agritech, health tech, and advanced hardware & technology.
  • The week also witnessed startup IPO updates, with Curefoods filing for an IPO, Meesho and Shadowfax opting for confidential pre-filing, and Kissht and NoPaperforms transitioning into public entities.

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