Between September 16 and 21, 2024, no less than 24 startups Companies from diverse sectors have raised over $470 million in funding from investors. These sectors include Edtech, Fintech, NBFC, SaaS, Dating, Traveltech, Wellness, Healthcare, Food, and Infrastructure.
Last week, Indian startups raised over $227 million in funding, with consumer tech unicorn InMobi alone raising $100 million.
Unlike mergers and acquisitions, which typically do not disclose financial data, these funding rounds provide insight into sectors that are attracting growing investor interest.
High value-added offers
A wide range of sectors attracted investments during the week, with the edtech sector leading the way. PhysicsWallah, which raised $210 million in a Series B funding round, led the sector. Fintech startup M2P Fintech raised $50 million.
The list was followed by omnichannel diagnostics service provider Redcliffe Labs, digital infrastructure solutions provider iBUS Network and fleet operator Everest Fleet, which collectively raised $106 million in funding.
Redcliffe Labs raised $42 million, iBUS Network raised $34 million and Everest Fleet raised $30 million.
Emerging startups
Home help service provider BookMyBai raised the smallest amount, securing $240,000 in a pre-Series A funding round. It was followed by software startup TechJockey, which raised $880,000 in a pre-Series A funding round. Shark Tank India-featured Alpino raised $1.2 million in a seed round.
AI-powered financial operations automation (FinOps) startup Bluecopa has raised $1.8 million in a pre-Series A funding round.
Meme-based dating startup Schmooze followed closely behind, raising $4 million in a Series A funding round, while hospitality startup ELIVAAS raised $5 million in a Series A funding round.
SaaS marketplace NowPurchase raised $6 million in debt and equity, followed by traveltech startup Trip Cabinet, which raised $6.5 million. Wellness startup The Wellness Co raised $7.18 million in a seed round, and AI-powered recruiting platform Vahan.ai secured $10 million in a Series B funding round.
Fintech startup Kaleidofin raised $13.8 million in a funding round, while hyperlocal news startup Way2News secured $14 million in a Series B funding round. NBFC startup Aye Finance secured $30 million in a Series G funding round.
Meanwhile, Industries 5.0 startup Venttup, spicy chilli condiment brand Kaatil, luxury oral care brand Salt Oral Care, event tech startup Ticket9 and New Delhi-based TraqCheck have kept funding figures under wraps.
Mergers and Acquisitions Highlights
This period was also marked by strategic mergers and acquisitions. OYO acquired the parent company of US hotel chain Motel 6, G6 Hospitality, in cash for Rs 4,400 crore. Wondrlab, the leading Gurugram-based martech network, acquired OPA, an influencer marketing platform, for an undisclosed sum.
Veefin, a Mumbai-based fintech company, has acquired a 26% stake in EpikIndifi, a software solutions provider for banks and financial institutions. Stockal, a global B2B2C investment platform, has acquired Acru, a Bengaluru-based startup specializing in investment infrastructure for non-resident Indians (NRIs) and persons of Indian origin (PIOs).
Agritech startup Marsh Harrier has acquired computer vision company AJA Vision Technologies.