Startup Funding: Crore vs Million
Updated
Quick Answer
$1 million ≈ ₹9.53 crore
Indian startup news switches between "raised ₹80 crore" and "raised $10 million" in the same paragraph. Founders pitching global investors, and investors reading Indian press, both need to translate quickly. Here is the cheat sheet.
Try it: convert any amount at today's rate
In This Article
Funding Rounds in Both Units
| Round (typical size) | USD | Approx. INR today |
|---|---|---|
| Angel / pre-seed | $250,000 | ~₹2.38 crore |
| Seed | $1 million | ~₹9.53 crore |
| Series A | $10 million | ~₹95.3 crore |
| Series B | $30 million | ~₹286 crore |
| Unicorn valuation | $1 billion | ~₹9,530 crore |
Round sizes vary widely; these are illustrations of the conversion, not benchmarks.
Converted figures use today's exchange rate (₹95.30 per US dollar, as of 29 October 2026) and update automatically as the rupee moves.
The Shortcut
- $1 million ≈ ₹10 crore as a rule of thumb (₹9.53 crore today).
- ₹100 crore ≈ $10 million.
- A unicorn ($1 billion) ≈ ₹9,530 crore, or roughly ₹10,000 crore.
Many founders simply use "$1M ≈ ₹10 Cr" in pitch decks, then give the exact figure in the term sheet.
Common Mistakes in Pitch Decks
- Writing "₹10 million" when you mean ₹1 crore. They are the same number, but mixing systems confuses readers.
- Quoting revenue in lakhs and valuation in dollars on the same slide.
- Using an old exchange rate. At ₹83.5 per dollar, $10 million was about ₹83.5 crore; today it is about ₹95.3 crore.
Pick one currency per slide and state the rate you used.
Valuation Terms Explained
- Pre-money valuation: what the company is worth before the new money.
- Post-money valuation: pre-money plus the new investment.
- "Soonicorn": an Indian press term for startups approaching a $1 billion valuation (about ₹9,530 crore).
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