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The Indian startup ecosystem has raised around $225 Mn across 28 deals between September 5 and 10, 2022
The week saw Unacademy acquiring Gate Academy for an undisclosed amount
Tata 1mg became India’s 107th unicorn after raising funds from Tata Digital
The second week of September has relatively fared better in accumulating funds when we compare it to the previous week. The week between September 5 and 9 saw $225 Mn funding coming across from 28 deals. This is 25% more from the $180 Mn that the Indian startups raised across 19 deals last week.
Though the week lacked mega deals, it did mint India’s 107th unicorn as Tata-backed 1mg became the country’s fifth healthtech unicorn.
The most active investors this week were Better Capital and Titan Capital as they participated in two deals each.
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