Between September 23 and September 28, 2024, until 19 startups from various sectors have raised more than $366 million in funding from investors.
These sectors include Fintech, AI, Lifestyle, Fashion, Healthcare, Food, Proptech, Personal Care and Biotechnology. Last week, Indian startups have raised over $470 million in funding, PhysicsWallah led by Alakh Pandey having raised $210 million alone.
Great Value Offers
A wide range of sectors attracted investment during the week, with the SaaS sector leading the pack. Leading this sector was Whatfix, which raised $125 million in a Series E funding round. AI healthcare startup Qure.ai has raised $65 million.
The list was followed by fintech startup M2P Fintech, AI startup Nurix AI and interior design startup HomeLane, which collectively 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, securing $600,000 in a pre-seed funding round. This was followed by Proptech startup Flent, which raised $770,000 in a pre-seed funding round. Fintech startup care.fi raised $950,000 in debt.
Dairy tech startup ORIGHT raised $1 million in a seed funding round, followed closely by SaaS startup Pepsales, which raised $1.1 million in a pre-stage funding round. priming. Coffee startup First Coffee raised $1.2 million in a seed round, while AI paralegal startup Jhana secured $1.6 million in a seed round.
Children’s personal care brand Tuco Intelligent has raised $2 million in a funding round. B2B SaaS startup Atomicwork has secured $3 million in a funding round. Health-focused bread brand The Health Factory has raised $3.5 million in a funding round.
Biotech startup Ahammaune Biosciences secured $5 million in a Series A funding round. Climate finance platform Two Point O Capital followed, raising $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 and Acquisitions Highlights
The period was also marked by strategic mergers and acquisitions. Zaggle has acquired a 98% stake in TaxSpanner for Rs 32.07 crore. UAE-based investment firm Redwood has acquired a majority stake in Indian game streaming platform Loco. Interior services startup HomeLane has acquired DesignCafe in a stock swap deal.