Between October 21 and 26, 2024, as many as 18 startups from various sectors raised $186.23 million in funding from investors.
These sectors include AI, logistics, wellness, healthcare technology, dairy technology, consumer brands, mobility, edtech and AI.
Last week, Indian startups raised over $405 million in funding, with edtech startup Eruditus raising just $150 million.
Between October 21 and 26, 2024, as many as 18 startups from various sectors raised $186.23 million in funding from investors.
These sectors include AI, logistics, wellness, healthcare technology, dairy technology, consumer brands, mobility, edtech and AI.
Last week, Indian startups raised over $405 million in funding, with edtech startup Eruditus raising just $150 million.
High value offers
A wide range of sectors attracted investment during the week, with educational technology leading the way. Leading this sector was upGrad, which reportedly raised $60 million in funding. AI Acceleration Cloud System provider Neysa raised $30 million in a Series A funding round.
The list was followed by healthcare startup Even Healthcare, Dairytech startup Stellapps Technologies and Healthtech startup Healthify, which together raised $76 million in funding.
Even Healthcare raised $30 million, Stellapps raised $26 million, and Healthify raised $20 million.
Emerging startups
Early-stage consumer brands The Paan Legacy, Hemptyful and Polr.Care have each raised funding of up to Rs 1 crore. Celcius Logistics, Ohm Logistics and Fitsol each raised Rs 1.8 crore in growth capital.
NG Earsafe raised Rs 1.06 crore in a seed funding round, Advance Mobility raised $3 million in funding, Workplace technology provider OLOID raised $6 million and D2C luggage and handbag brand Zouk raised $10 million. dollars in a Series B financing round.
Meanwhile, vehicle ownership platform Automoto, construction technology startup Modulus Housing and wellness brand Sushain Wellness kept funding figures under wraps.
Mergers & Acquisitions Highlights
The period also witnessed strategic mergers and acquisitions. Bizom acquired Rhythm 2.0 Sales Route Optimiser and Traveltech company Ixigo acquired a 51% stake in Zoop, a provider of train food delivery services.