Startups in India raised over $23B this year by Q3, with 33 entering Unicorn status, the good news spree continues. Even as the world is battling the pandemic in various degrees, the much-needed transition to WFH and online education meant adoption of digital services saw a huge growth spike.
Here are some of the top growth stories that India saw for its tech based solutions:
- ACKO, India's first and fastest-growing InsurTech company achieved Unicorn status this month with $255M Series D funding round.
- Paras Defence, Navi Mumbai-based defence and space engineering company, which took to IPO, saw subscriotion over 40 times.
- CarDekho, one of the popular auto search platform, raised $250M, and is valued at $1.2B
- Cars24, used-car marketplace company from India, expands to Australia, and invests $100M in UAE + GCC region.
- Boodmo, e-commerce platform for auto spare parts, raises INR 40 Crore in funding.
- Tyresnmore, Bangalore based doorstep tyre and battery fitment service, now has a 46% stake from CEAT
Stay safe everyone!
