Indian startups raised $3.8 billion in the September quarter, up from $3.4 billion in the June quarter and the highest total in two years, according to the FinanceBharat funding tracker.
Fintech and climate lead
Fintech companies took 34% of the money and climate startups 22%. Consumer brands, which led funding in 2021, took 18%.
Late-stage money is still thin
Only four rounds were larger than $100 million. Founders and investors say growth-stage cheques now take six months or more to close.