Indian startup funding winter shows signs of thaw as large deals resurface

When considering these debt rounds, the funding amount is on a par with the $1.1 billion that startups raised in October last year

After a prolonged period of muted investments, brought about by weak financing, a recent resurgence in large and mid-sized funding rounds has come as a welcome breather for Indian startups.

Notably, in October, Ola Electric raised a massive $385 million funding, through equity and debt, amid a challenging macroeconomic environment, in the leadup to its initial public offering (IPO). Before Ola, several others like Zetwork, Zolve, and InsuranceDekho, raised relatively large rounds. 

Indian startups raised $542.8 million across 72 private-equity deals in October, according to the data from Tracxn, a market-intelligence platform. These ranged from mid- to large-sized deals from