Published: 6/5/2020
RIP Good Times? LOL, far from it. With the recent IPOs in the US that didn’t perform great & the WeWork (& OYO) news, the global startup ecosystem has been a bi on edge and some think we might on the verge of a repeat of 2008. But the scene in India is far from it. Most of the leading firms have all raised record funds in the last 12 months, and it seems like there is at least one mega-round ($100M+) each month. Yesterday was a bit different - We had two (Swiggy & Unacademy)! As well as WhatFix (B2B SaaS) raising a $32M Series C and Dunzo raising ~$11M in debt from Alteria Capital, for a total of over $250M+ being announced in a single day! More so, Blume Ventures (an early-stage firm) also announced the final close of their $102M oversubscribed Fund III. Lots to unpack here, but some highlights:
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More tomorrow :) BONUS (Tweet of the day): https://twitter.com/MohapatraHemant/status/1230181288033701889 Unacademy Anthem (if you’re into that: https://www.youtube.com/watch?v=V0ejQDKE4w8