The number of startup funding deals over the nine months ending September 2018 rose to 660 from 619 from a year ago. The total number of debt funding rounds also rose to 44 from 27.
Even though the amount of equity funding raised dipped 14% to $9.14 billion from $10.63 billion a year earlier, the larger number of late-stage deals rose sharply, signaling a renewed confidence in the Indian startup ecosystem, this has been reported by Yourstory.com.
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In 2018 a slew of startups – Zomato, Swiggy, BYJU’s, PolicyBazaar, Freshworks, OYO, and Udaan – all joined the unicorn club in the span of just a few months.
Secondly, while total equity funding raised by the Indian startup ecosystem fell, the sharp increase in Series C and Series D deals is a sign that investors are becoming increasingly confident in the ecosystem, accroding to .
More than 24 startups raised over $100 million, with OYO topping the chart with $1 billion. In comparison, only 13 companies raised more than $100 million last year, of which two were massive rounds by Flipkart and Paytm.
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