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VC deals in India: January edition

The start of 2023 saw several major venture capital (VC) deals in India. Here are a few of the most prominent deals:

  1. [2] Accel Partners invested $90 million in logistics-tech startup Rivigo.

  2. [2] Sequoia Capital invested $115 million in digital banking platform Open.

  3. [2] Nexus Venture Partners invested $80 million in digital healthcare platform mfine.

  4. [2] Kalaari Capital invested $50 million in education technology firm Byju's.

  5. [3] 100X.VC invested $20 million in e-commerce platform ShopX.

  6. [3] Elevation Capital invested $18 million in analytics platform Flutura.

  7. [3] Tiger Global Management invested $10 million in real estate platform NoBroker.

  8. [3] Omidyar Network India invested $12 million in online travel platform EaseMyTrip. This shows that despite the economic challenges of the past year, venture capital firms in India are still investing in innovative startups in the country.

References:[1] Top 16 Venture Capital Firms in India to Watch out for [2023][2] VC investment in Indian startups plunge 38% in 2022[3] India will see new start-ups in unlimited supply in 2023

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