Indian startups raised over $114 million from July 8 to July 13, 2024; Dezerv tops the list

Between July 8 and July 13, 2024, as many as 16 startups from diverse sectors raised over $114 million in funding from investors.

These sectors include Healthcare, Education, Wealthtech, Food, Proptech, OTT, Gaming, and B2B, among others.

Last week, Indian startups raised over $259 million in funding, with Mumbai-based beauty retailer Purplle Group raising $120 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.

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High-value deals

A diverse range of sectors attracted investments during the week, with wealthtech leading the pack. Leading this sector was Mumbai-based wealthtech startup Dezerv, which raised $32 million in a Series B funding round led by Premji Invest, with participation from existing investors.

B2B e-commerce platform Infra.market raised $22 million in debt.

The list was followed by E-commerce roll-up firm Goat Brand Labs, Biotech startup Immuneel Therapeutics, and Collegedekho, which collectively raised $42 million. Goat Brand Labs raised $21 million, Immuneel Therapeutics raised $12 million, and Collegedekho raised $9 million.

Emerging startups

An on-demand talent platform TimBuckDo raised the smallest amount, securing $240,000 in a seed funding round. This was followed by AI startup Helium, which raised $550,000 in a pre-seed funding round. Gaming startup Felicity Games garnered $700,000 in a pre-seed funding round, and B2B startup Centiriti raised $710,000.

Electronics renewal and refurbishment startup QarmaTek raised $1 million. Proptech startup Jugyah secured $1.5 million in a funding round. Restaurant chain House of Biryan raised $2 million, and healthcare startup Care.fi raised $2.6 million in debt funding.

Consumer electronics startup Circuit House Technologies raised $4.3 million. Marathi language video streaming platform Planet Marathi OTT secured $5 million in a funding round.

Merger and acquisition highlights

The period also featured strategic mergers and acquisitions. L&T acquired Bengaluru-based semiconductor design startup SiliConch Systems for Rs 183 crore.

Ireland-based technology company Accenture acquired Excelmax Technologies, a Bengaluru-based semiconductor design services provider. Indian multilingual learning platform Adda247 acquired Ekagrata Eduserv for an undisclosed sum. Ekagrata is known for its focus on Chartered Accountancy (CA) test preparation.