This week, 37 Indian new ventures received funding, with 32 receiving a total of $806.21 million. 

Rapido received the most significant subsidy of about $180 million, followed by Isprava and Observe. 

AI raised $130 million and $125 million separately. Last week, 27 new local businesses raised $955.14 million in subsidies.

Oxijo, the financial arm of OffBusiness, joined the unicorn club this week after raising $200 million in its Series A raise from Alpha Wave, 

Tiger Global, Norwest Venture Partners and Creation Investments – the most advanced Series 

A investment in the Indian startup ecosystem. With this, the Indian startup ecosystem is on the verge of celebrating 100 years of unicorns.

Kunal Shah was the most active financial supporter of doing three checks. Apart from Shah, 

Global and NB Ventures have participated in two transactions this week.

This week, 10 new development and late-stage firms raised funds, including 

Rapido's $180 million round, IsProva's $130 million round, and Observe.AI's $125 million round.

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