The first week of October saw a big funding boost, with unicorns like Ola Electric, Meesho, and Vedantu bringing in large capital.
The month of October has begun on a very positive note for the Indian startup ecosystem, with the total venture funding crossing $1 billion and another startup entered the unicorn club.
The first week of October saw totally 39 deals, with the total funding amounting to $1.2 billion. The big chunk of this funding amount came from three unicorns – Meesho, Ola Electric, and Vedantu.
The overall funding momentum continues to remain upbeat and the country’s startup ecosystem is expected to end the year with a strong finish.
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