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Between August 19 and August 24, 2024, as many as 16 startups from diverse sectors raised over $114 million in funding from investors.
These sectors include D2C, AI, SaaS, B2B, Manufacturing Tech, Lending, Watertech, and Fintech.
Last week, Indian startups raised over $377 million in funding, with hospitality giant OYO raising over $175 million alone.
Unlike merger and acquisition deals, which typically do not disclose financials, these funding rounds provide a glimpse into the sectors attracting growing investor interest.
High-value deals
A diverse range of sectors attracted investments during the week, with the Watertech leading the pack. Leading this sector was Livpure, which raised $28 million in funding. South Indian ice cream brand Hangyo Ice Cream raised $25 million in funding.
The list was followed by Lending firm Axio, AI-powered equity investment platform InvestorAi, and D2C luggage brand Uppercase, which collectively raised $19 million in funding.
Axio raised $20 million, InvestorAi raised $10 million, and Uppercase raised $9 million.
Emerging startups
SaaS startup ACadru raised the smallest amount, securing $500,000 in funding. This was followed by B2B startup Revrag, which raised $600,000 in a pre-Seed funding round.
Dopplr, an AI-powered virtual try-on platform for apparel brands selling online, raised $750,000 in funding. AI optimization startup LLUMO AI secured $1 million in a Seed funding round.
Manufacturing tech startup Fabrication Bazar raised $3 million in a pre-Series A round, closely followed by Lending startup LoanKuber, which secured $3.5 million in a pre-Series B round.
Fintech startup TransBnk raised $4 million in a Series A funding round. Spices startup Zoff secured $4.7 million in a funding round. Legends League Cricket, featuring senior cricketers, raised $4.65 million in funding.
Meanwhile, Dronetech startup NxtQube and PadelPark India kept the funding figures under wraps.
Apart from the funding, Gurugram-based direct-to-consumer (D2C) meat brand Zappfresh has acquired Mumbai-based Bonsaro, a firm known for its online delivery of poultry, goat, and seafood.