SynopsisIndian startups secured a significant $1.09 billion in funding across 14 deals, with fintech giant Cred leading the charge with a massive $900 million round. This surge, primarily driven by late-stage investments, marks a substantial increase from previous weeks. Notable participants included Bessemer Venture Partners and Norwest, backing firms like Mitigata and Coval.ai respectively.ETtechIndian startups closed financing worth $1.09 billion across 14 rounds during the week ended June 26, led by fintech firm Cred’s $900 million financing. This was 171.8% higher than the previous week, when startups raised $402.6 million across 20 rounds, and 290.4% above the same period last year.Late-stage deals dominated funding activity this week, accounting for 93.1% of the total capital. Early-stage deals made up 4.9%, while private equity rounds accounted for 1.2%.Among VC firms, Bessemer Venture Partners, Norwest, and Lightspeed Venture Partners were the active backers this week, participating in the rounds of Mitigata, Coval.ai, and Super Living, respectively.ETtech
Top dealsCred: In the week’s largest deal, Meta led a Rs 8,550 crore, or $900 million, round in Cred, valuing the fintech company at $4.5 billion post-money. The transaction includes about $500 million in fresh capital and $400 million in secondary share sales. Per the terms of the deal, Cred founder Kunal Shah stepped down from the company to joined Meta’s global leadership team, with Miten Sampat taking over as interim CEO.Also Read: Inside Meta's India investments: First Reliance, now CredSquare Yards: Real estate and mortgage platform Square Yards raised Rs 900 crore, or about $95 million, in a mix of debt and equity, anchored by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co. The round turned Square Yards into a unicorn and comes as the company prepares for a Rs 2,000 crore IPO. The company reported revenues of Rs 2,086 crore in FY26, and Ebitda of Rs 176 crore.ETtech
