Startups Funding | Indian Startups Funding in July-Sep Quarter

 Over the previous three months, investment for Indian companies has remained constant. Despite a few successful large round closings, the total investment in domestic startups Funding remained below $1 billion in September, roughly equivalent to July and August.

In the third quarter of 2022, 366 Indian companies raised close to $2.9 billion in MSME IPO funding. 250 early-stage firms raised $956 million in total throughout the period, which includes 58 growth-stage agreements totaling $1.9 billion. 

The decrease in startup capital started in July when the overall inflow for the first time in 2022 dipped below $1 billion ($870 million). With investment totaling $1.06 billion in August and $963 million in September, the pattern persisted.

UpGrad, an edtech firm, surprised the struggling edtech market with a $210 million fund raising round. It continued to be the only firm to receive a funding round worth more than $200 million during the third quarter of this year. 

Each of the three businesses in the growth stage list—EarlySalary, CleverTap, and OneCard—raised $100 million or more in funding. Following the Series D round led by Temasek, OneCard also became a unicorn.

Other prominent deals among growth-stage startups were those with the healthcare company Molbio Diagnostics, the electric vehicle startup investment banks delhi Yulu, the diagnostics testing platform LifeWell, the fintech startup Zopper, and the personal device management company Servify. 

Along with OneCard and Molbio, the third IPO quarter saw the addition of 1mg, Shiprocket, and 5ire, bringing the total number of unicorns on the list to 23 by 2022.