Amount$602M
SeriesSeries D
AnnouncedJun 5, 2020
SectorTelecommunications
Sub-sectorAI Infrastructure
RegionIndia
Weak
A weak or unusual round versus its peers.
Round size vs peers
Far above the typical Series D round (7.6× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series D rounds (1,000)
Round size distribution96th pct
smaller Series D roundslarger
vs. Telecommunications (34)
Round size in sector68th pct
$10Mthis round: $602M$1.9B
