Tat Capital
Tat Capital

India Tech: October News

31.10.21 06:13 PM

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:

  • ACKOIndia's first and fastest-growing InsurTech company achieved Unicorn status this month with $255M Series D funding round. 
  • Paras DefenceNavi 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!