Between September 9 and 14, 2024, up to 23 Startups from various sectors raised more than $235 million in funding investors.
These sectors include Biotech, HR Technology, Jewellery, Gaming, SaaS, NBFC, Consumer Technology, AI, D2C and Wealth Management, among others.
Unlike M&A deals, which typically do not disclose financial information, these funding rounds offer insight into sectors that are increasingly attracting investor interest.
High value offers
During the week, a wide range of sectors attracted investments, with the consumer technology sector leading the way. The first was InMobi, which raised $100 million in a debt round. NBFC FlexiLoans raised $34.5 million in funding.
The list was followed by employee healthcare platform Onsurity, wealth management startup Centricity and spiritual technology platform AppsForBharat, which together raised $59 million in funding.
Onsurity raised $21 million, Centicity raised $20 million and AppsForBharat raised $18 million.
Startups
Supersquad, a company focused on creator monetization, raised the least amount, at $250,000 in a pre-seed funding round. It was followed by Wundrsight, a digital therapeutics startup that raised $400,000 in a seed funding round.
Game development startup GameEon Studios raised $1 million in funding, AI startup Zivy raised $1.2 million in a pre-seed funding round, while D2C FMCG startup Mitra raised $1.3 million in a pre-seed funding round. Women-focused health and wellness platform Newmi Care raised $1.5 million in a seed round.
Mobile app-based contact center solution Futwork raised $2.49 million in a Series A round, biotech-focused R&D startup Dharaksha Ecosolutions raised $2.95 million in a seed round, HRtech startup HROne raised $4 million in a pre-Series B round, construction tech startup Track3D raised $4.3 million in a seed round, energy storage solutions startup Clean Electric raised $6 million in a Series A round, and home decor and lifestyle brand Nestasia raised $8.35 million in a funding round.
Meanwhile, biotech startup Transcell Biologics, nutraceuticals startup Fitday, jewelry startup Vermeil Trisu, intimacy and pleasure products brand Leezu’s and sportswear startup Agilitas Sports kept funding figures under wraps.
Mergers and Acquisitions Highlights
This period also saw strategic mergers and acquisitions. Mumbai-based gaming and esports company Nazara Technologies acquired a 47.7% stake in PokerBaazi’s parent company Moonshine Technology and a 15.86% stake in esports community platform STAN.
GoKwik, an e-commerce facilitator, has acquired Return Prime, a global returns management app in the Shopify ecosystem.
Yudiz Solutions, a publicly listed blockchain and IT development startup, has acquired a majority stake in ABCM App, a Mumbai-based digital payment solutions company.
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