Between August 5 and August 10, 2024, 18 startups from various sectors raised nearly $99 million in funding from investors.
These sectors include Agritech, Fintech, Beauty, Healthtech, Jewelry, eCommerce, SaaS and EV.
Last week, Indian startups raised over $401 million in funding, with Bengaluru-based ride-hailing startup Rapido raising $120 million 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 investment during the week, with car transport leading the way. Leading the way in this sector was the healthcare technology startup Visit Healthwhich raised over Rs 250 crore or $30 million in funding. Agritech startup Agrizy raised $9.8 million in a Series A round.
The list was followed by specialty chemicals manufacturing startup Scimplify, dairy startup Country Delight and beauty startup Kindlife.in, which together raised $25.8 million.
Scimplify raised $9.5 million, Country Delight raised $8.3 million, and Kindlife.in raised $8 million.
Startups
SaaS startup NuvoRetail raised the least amount, with $350,000 in funding. It was followed by food startup CURRYIT, which raised $530,000.
Gaming startup Oneiric11 Gaming raised $1 million in a pre-Series A round, fintech startup FINQY raised $2 million, and dating startup Juleo raised $2.5 million in funding.
Electric vehicle battery maker Neuron Energy raised $2.38 million in a Series A funding round. Jewelry startup Aukera Jewellery raised $3.2 million in a Series A round. Extended reality (XR) startup Metadome.ai raised $6.5 million in a Series A round.
Stock brokerage platform Punch raised $7 million in a seed funding round. ShopDeck’s parent company, Blitzscale Technology, raised $7.85 million in a Series B funding round.
Meanwhile, fintech startup IppoPay, talent marketplace FlexiBees and workforce solutions provider Weavings Manpower Solutions kept funding figures under wraps.
Mergers and Acquisitions Highlights
This period also saw strategic M&As. Mumbai-based Nazara acquired UK-based Fusebox Games; Instawork acquired workforce technology startup Able Jobs; Nazara subsidiary Absolute Sports acquired assets of DeltiasGaming.com; and D2C ethnic fashion brand Shobitam acquired Isadoralife, a ready-to-wear saree company.
In addition, Exicom Power Solutions BV Netherlands, a subsidiary of New Delhi-based EV charger manufacturer Exicom Tele-systems, and other restructured subsidiaries have signed a definitive agreement to acquire businesses and assets of the Tritium Group of Companies, a global leader in DC fast chargers.
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