Between August 12 and 17, 2024, up to 18 Startups from various sectors raised more than $377 million in funding investors.
These sectors include electric vehicles, hospitality, deeptech, healthcare, fintech, traveltech, financial services, furniture and luxury.
Last week, Indian startups raised over $98 million in fundswith healthcare technology startup Visit Health raising over Rs 250 crore alone.
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
A wide range of sectors attracted investments during the week, with the hospitality sector leading the way. Leading the way was hotel giant OYO, which reportedly raised $175 million in funding. Electric vehicle giant Ather Energy raised $71 million and became the country’s new unicorn startup.
The list was followed by wealth management firm Neo Group, electric vehicle maker Kinetic Green and all-electric intercity bus startup Fresh Bus, which together raised $83.1 million.
Neo Group raised $47.6 million, Kinetic Green raised $25 million and Fresh Bus raised $10.5 million.
Startups
Travel tech startup Ziptrrip raised the least amount, securing $238,000 in a seed funding round. It was followed by MiClient, the AI-powered B2B sales enablement platform, which raised $464,000 in a seed funding round.
Luxury men’s clothing brand Halden Deeptech startup EyeROV and B2B healthcare financing startup HealthCRED each raised $1.2 million, with EyeROV’s funding being a pre-Series A round and HealthCRED’s a seed round.
Real estate tech startup Truva followed suit and raised $3 million in a seed funding round. Wealth tech startup infinyte.club raised $3.6 million in a seed funding round and CTPL raised $4 million in a Series A funding round.
Fintech startup Skydo and ethnic brand FASHOR each raised $5 million, with Skydo’s funding coming in a pre-Series A round.
Healthcare startup 4baseCare secured $6 million in a Series A funding round. E-mobility startup Kazam raised $8 million in a Series A round. Home, kitchen and personal care brand Beco, which secured $10 million in a pre-Series B round.
Mergers and Acquisitions Highlights
The period also saw strategic mergers and acquisitions. US private equity firm Warburg Pincus acquired a majority stake in Mumbai-based Ebco.
Veefin Group of Companies has acquired Nityo Tech, the Indian subsidiary of Singapore-based Nityo Infotech, through one of its subsidiaries.
Jai Kisan, a rural-focused agri-fintech startup, has acquired a majority stake in Kushal Finnovation Capital Private Limited, a non-banking financial company (NBFC).
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