India: Indian startups have experienced a significant funding surge, raising over $395 million in just one week through 20 deals—a remarkable 350% increase compared to the previous week. This boost follows the Indian government’s recent decision to abolish the angel tax on foreign investors, which has positively impacted the investment landscape.
In July, startups secured a total of $1.03 billion across 126 deals. Notable achievements include Oyo, a leading hospitality and travel-tech company, which raised nearly $175 million. Additionally, electric vehicle company Ather Energy attracted $71 million, elevating its valuation to $1.3 billion and earning it “unicorn” status.
This funding surge highlights the dynamic growth of India’s startup ecosystem, which has created over 1.55 million direct jobs. The increase in investment is supported by over 55 regulatory reforms aimed at simplifying business operations and enhancing capital accessibility.
