Funding Friday: 4 Mega Fundings of 2018 That Took India's Startup Ecosystem to an All-time High
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2018 was indeed a year like never before. The year witnessed many unexpected investments, taking India’s Entrepreneurial ecosystem to an all-time high. Here are top 4 mega fundings of 2018:
- Swiggy emerged as the winner of funding game 2018. The foodtech platform, which joined the unicorn club earlier this year, recently raised $1 billion in series H round of funding led by existing investor Naspers.
- Closely following behind is the world’s most valuable edtech platform, Byju’s. The Indian startup, another one to join the billion-dollar companies in 2018, recently raised $400 million in a new round of funding.
- Ritesh Agarwal’s Oyo Rooms have been on an expansion spree since September this year, when the startup-turned-unicorn raised staggering $1 billion from Japan’s SoftBank Vision Fund and others.
- While Oyo is digging its heels in foreign countries, Indian start-up Paytm brought US-based Berkshire Hathaway on board to invest $300 million at 3-4 per cent stake in the company.