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[Weekly funding roundup Oct 12-18] VC inflows continue to rise

  • Venture capital funding in India showed an increase in October, with a total funding of $342 million in the third week compared to $232 million in the previous week.
  • Series F stage funding rounds received the highest inflow of $210 million, indicating a positive trend for Indian startups.
  • The Reserve Bank of India's stricter norms for fintech startups have created divergent opinions, while Lendingkart saw majority control by Singapore-based Fullerton.
  • Eruditus raised $150 million, Purplle raised Rs 500 crore, and Everstage raised $30 million in key funding transactions.

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