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Behind India’s Startup Funding Frenzy
India minted as many as six unicorns in a week earlier this month. What’s feeding this frenzy?
22 Apr 2021, 03:39 PM IST
When Niraj Singh was looking to raise funds for his startup this year, he received funding offers for up to thrice the amount he required.General Catalyst, which has backed used car platforms in the U.S. and Europe like Vroom and Carzoo, invested nearly $43 million in Spinny, a secondhand car platform founded by Singh. “This is definitely a one-of-its-kind funding boom that’s playing out in the ecosystem right now,” he told Bloomberg...
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