Indian startups raised close to $60 billion in last two years — Flipkart, Swiggy, Paytm contributing the most

May 4, 2022

By: Kritti Bhalla

Indian startups raised close to $60 billion in the last two years

Indian startups have raised $59.2 billion across 4,427 deals since April 2020, according to business intelligence platform Tracxn. The article showcases the biggest funding rounds in the last eight quarters between April 2020 to March 2022.

Credit: BI-India

Flipkart

Walmart-owned ecommerce giant Flipkart raised $3.6 billion in July 2021 in a run-up to its public ambition. The company is now reportedly looking to be valued at $60-70 billion in the initial public offering (IPO) scheduled for 2023. Funding: $3.6 billion | Round: Series J

Credit: BI-India

Swiggy

Food delivery giant Swiggy raised $1.3 billion last year in June, at the same time Zomato was going public to raise $1.2 billion. Interestingly, both Zomato and Swiggy had planned to use the capital for similar purposes. Funding: $1.3 billion | Round: Series J

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Paytm

Digital payments giant Paytm — run by Vijay Shekhar Sharma-led One97 Communications — went public last year. The company had raised $1.1 billion from anchor investors a few days before its public issue. Funding: $1.1 billion | Round: Series H

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Byju’s

World’s most valued edtech startup Byju’s has been filling up its treasury in order to fulfill its great American dream. The company has also been acquiring international edtech businesses to grow inorganically across the globe. Funding: $965 million | Round: Series F

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Byju’s

Byju’s has raised over $1.8 billion in funding over the last eight quarters, according to business intelligence firm Tracxn. The capital has been raised in two tranches of $965 million and $865 billion respectively. Funding: $865 million | Round: Series F

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PhonePe

Walmart-owned digital payments giant PhonePe bagged $700 in funding in August last year, reportedly at a valuation of $5.7 billion. Funding: $700 million | Round: Series D

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Swiggy

In January 2022, Swiggy bagged $700 million at a valuation of $10.7 billion in order to further expand its grocery delivery and quick commerce vertical with Swiggy Instamart. Funding: $700 million | Round: Series J

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Eruditus

Eruditus became India’s fourth edtech unicorn in August last year, after raising $650 million. The company works with universities globally to offer six to eight months-long executive-level courses to students present across 80 countries. Funding:$650 million | Round: Series E

Credit: BI-India

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