Indian startups raked in $1.38 billion in funding in March, recording a jump of about 60% over February when they had amassed $866 million from risk capital investors, show proprietary data compiled by DealStreetAsia.
The steep jump can be attributed to some of the big-ticket transactions that were closed during the month including eyewear retailer Lenskart’s $500-million fundraising from a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA). Post the investment, ADIA will become one of the largest shareholders in Lenskart.