In the last two years, companies such as quick commerce platform Zepto, non-banking lender InCred, Ola founder Bhavish Aggarwal's artificial intelligence startup Krutrim, and software-as-a-service (SaaS) fintech startup Perfios have attained a value of over $1 billion. In 2024, five startups -- Krutrim, Perfios, Rapido, electric scooter maker Ather Energy, and fintech lending startup Moneyview -- achieved unicorn status.
Late-stage investments in the July-September quarter totalled around $650 million, according to data from market intelligence firm 1Lattice. These were driven by the ecommerce and listing platform sectors including companies such as Zepto, hospitality startup Oyo, and omnichannel jewellery retailer Bluestone. A love of flight powers us. X This compares to $2.1 billion in late-stage funding during the April-June quarter, and $1.8 billion in January-March period, as per the Lattice report.