Between October 14 and 19, 2024, up to 32 new companies from various sectors raised $405.94 million in financing from investors.
These sectors include AI, SaaS, Edtech, Fashiontech, Insurtech, Sportstech, Healthtech, D2C, Lending, Wellness, Semiconductors, GenAI, Logistics and Beauty.
Last week, Indian startups raised over $126 million in funding, with robotics startup Haber Nets raising just $38 million.
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Between October 14 and 19, 2024, up to 32 new companies from various sectors raised $405.94 million in financing from investors.
These sectors include AI, SaaS, Edtech, Fashiontech, Insurtech, Sportstech, Healthtech, D2C, Lending, Wellness, Semiconductors, GenAI, Logistics and Beauty.
Last week, Indian startups raised over $126 million in funding, with robotics startup Haber Nets raising just $38 million.
Various sectors attracted investments during the week, with educational technology leading the pack. Leading this sector was Eruditus, which raised $150 million in a funding round. Omnichannel beauty retailer Purplle closed a Rs 1,500 crore funding round after raising an additional Rs 500 crore.
The list was followed by service resolution intelligence platform Neuron7.ai, jewelry startup GIVA and SaaS startup Everstage, which together raised $104.3 million.
Neuron7.ai raised $44 million, GIVA raised $30.3 million, and Everstage raised $30 million.
Emerging startups
Sustainability startup Brown Living raised funding in a seed round, Robotics startup Perceptyne raised $3 million in a seed round, Biogas tech startup Sistema.bio raised $15 million in funding, Artificial intelligence startup Data Science Wizards raised $1.4 million in a seed round, Logistics startup Elixia Robotics raised $1 million in a pre-Series A round, D2C startup Yoho raised $3.2 million in a pre-Series B round, GenAI startup Alchemyst AI raised $300,000 in a pre-seed round, Edtech startup Suraasa raised $6 million in funding, Senior care startup Primus Senior Living raised $20 million in a round initial, and artificial intelligence startup Tablesprint raised $1 million in a seed round.
Wellness startup Lifechart raised $500,000 in funding, semiconductor startup AGNIT Semiconductors raised $3.5 million in seed round, fashion startup WROGN raised $9 million in funding, fintech startup Slice raised $8 .6 million in funding, AI startup Budy.bot raised $4.2 million in funding, SaaS startup SimpliSmart raised $7 million in Series A round, Consumer Foods startup Yu raised $6 .54 million in a Series B round and AI startup Febi.ai raised $2 million in a pre-Series A round.
Meanwhile, Fashiontech startup Anny, SaaS startup Traqo, OEM startup SuperUs, e-commerce startup Evenflow, Insurtech startup Healspan, Magnus Farm Fresh, Sportstech startup Sportskill, Petcare startup PetStrong and Healthtech startup Medprime Technologies kept funding figures secret. .
Mergers & Acquisitions Highlights
The period also witnessed strategic mergers and acquisitions. Licious acquired My Chicken and More, US-based IBM acquired Bengaluru-based Prescinto, Indium acquired Experion, Weaver Services acquired Capital India Home Loans and Jetapult acquired UMX Studio.
