Between September 23 and 28, 2024, until 19 new companies from various sectors raised more than $366 million in financing from investors.
These sectors include Fintech, AI, Lifestyle, Fashion, Health, Food, Proptech, Personal Care and Biotechnology. Last week, Indian startups raised over $470 million in funding, and PhysicsWallah, led by Alakh Pandey, raised $210 million alone.
High value offers
A wide range of sectors attracted investment during the week, with the SaaS sector leading the way. Leading this sector was Whatfix, which raised $125 million in a Series E funding round. AI healthcare startup Qure.ai raised $65 million.
The list was followed by financial technology startup M2P Fintech, artificial intelligence startup Nurix AI and interior design startup HomeLane, which together raised $104.4 million.
M2P Fintech raised a total of $100 million in the Series D round, Nurix AI raised $27.5 million, and HomeLane raised $26.9 million.
Emerging startups
Defense robotics startup Sharang Shakti raised the smallest amount, raising $600,000 in a seed funding round. This was followed by Proptech startup Flent, which raised $770,000 in a seed funding round. Fintech startup care.fi raised $950,000 in debt.
Dairy tech startup ORIGHT raised $1 million in a seed funding round, closely followed by SaaS startup Pepsales, which raised $1.1 million in a seed funding round. Coffee startup First Coffee raised $1.2 million in a Seed round, while AI paralegal startup Jhana raised $1.6 million in a Seed round.
Children’s personal care brand Tuco Intelligent raised $2 million in a Seed round. B2B SaaS startup Atomicwork raised $3 million in a seed round. Health-focused bread brand The Health Factory raised $3.5 million in a seed round.
Biotech startup Ahammane Biosciences raised $5 million in a Series A funding round. It was followed by climate finance platform Two Point O Capital, which raised $6.3 million in a seed round. Visa processing startup Atlys raised $20 million in a Series B round, and Adtech startup AdOnMo raised $25 million in a funding round.
Mergers & Acquisitions Highlights
The period also witnessed strategic mergers and acquisitions. Zaggle acquired a 98% stake in TaxSpanner for Rs 32.07 crore. Redwood, a focused investment firm based in the United Arab Emirates, has acquired majority stakes in Indian game streaming platform Loco. Home interior services startup HomeLane acquired DesignCafe in a stock exchange deal.
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