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HomeNewsTechnologyIndian startups raised $1.2 bn in Jan, PhonePe & KreditBee lead

Indian startups raised $1.2 bn in Jan, PhonePe & KreditBee lead

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New Delhi : Indian startups raised about $1.2 billion in January amid rough macroeconomic conditions and funding winter.
According to data by Fintrackr, an arm of startup news portal Entrackr, growth-stage startups witnessed 22 deals worth $926 million in the first month of 2023.
Early-stage startups received $265 million across 67 deals while 12 startups did not disclose transaction details.
According to the report, the average deal size for early-stage startups was nearly $4 million.
PhonePe’s $350 million and KreditBee’s $120 million funding round accounted for nearly 40 per cent of the overall financing in January.
Also Read Apple supplier Foxconn reports strong over 48% growth in Jan E-commerce (including D2C startups) segment saw more deals and fintech continued to dominate with $587 million in total funding.

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