There was a time not that long ago when $40 million (roughly Rs 300 crore) would have been considered a big amount in the Indian startup ecosystem. There was a time when there were entire VC funds that were smaller than this figure and 99% of Indian startups would have seen it as a magically large number for any aspect of their business.
But that time has passed.
Today, a $40 million figure means almost nothing. There are companies that have raised hundreds of millions, even billions of dollars.