Indian Startups Raise $371 Mn Across 30 Deals, PhonePe Secures $600 Mn Secondary Investment

Funding momentum continued to remain strong in the Indian startup ecosystem towards the end of October. Between October 27 and 31, Indian startups cumulatively raised $371 Mn across 30 deals, marking a 19% uptick from the $312.5 Mn secured over a mere three deals in the preceding week. Important to mention that the week also saw a$600 Mn secondary deal at PhonePe, with its investor General Atlantic doubling down on the fintech major in the run up to its IPO.