A few other prominent startups are also exploring big funding deals. These entities are Meesho, Zepto Pocket FM which is an audio streaming platform.
Startups raised total investments of $7.8 billion in the first four months of 2021, nearly 70% of the overall corpus raised in entire 2020
The latest funding round has propelled the valuation of the messaging platform to $1.4 billion
The funding round also saw participation of Groww's existing investors — Sequoia India, Ribbit Capital, YC Continuity and Propel Venture Partners
Influencers are actively investing in direct-to-consumer brands and fintech startups