Indian startups raised over $227 million from Sept 09 to Sept 14, 2024; InMobi tops the list

Between September 09 and September 14, 2024, as many as 23 startups from diverse sectors raised over $235 million in funding from investors.

These sectors include Biotech, HRtech, Jewellery, Gaming, SaaS, NBFC, Consumer Tech, AI, D2C, and Wealth Management, among others.

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 consumer tech sector leading the pack. Leading this sector was InMobi, which raised $100 million in debt round. NBFC FlexiLoans raised $34.5 million in funding.

The list was followed by Employee healthcare platform Onsurity, Wealth management startup Centricity, and Spiritual tech platform AppsForBharat, which collectively raised $59 million in funding.

Onsurity raised $21 million, Centicity raised $20 million, and AppsForBharat raised $18 million.

Emerging startups

Creator monetization-focused Supersquad raised the smallest amount, securing $250,000 in a pre-Seed funding round. This was followed by Digital therapeutics startup Wundrsight, which raised $400,000 in a Seed funding round. 

Game development startup GameEon Studios raised $1 million in funding, AI startup Zivy raised $1.2 million in a pre-Seed funding round, while D2C FMCG startup Mitra raised $1.3 million in a pre-Series A funding round. Women-focused health and wellness platform Newmi Care raised $1.5 million in a Seed round. 

Mobile App based contact center solution Futwork raised $2.49 million in a Series A round, Biotech-focused R&D startup Dharaksha Ecosolutions raised $2.95 million in a Seed round, HRTech startup HROne raised $4 million in a pre-Series B round, Construction Tech startup Track3D raised $4.3 million in a Seed round, Energy storage solutions startup Clean Electric raised $6 million in a Series A round, and Home decor and lifestyle brand Nestasia raised $8.35 million in a funding round.

Meanwhile, Biotech startup Transcell Biologics, Nutraceutical startup Fitday, Vermeil jewellery startup Trisu, An intimacy and pleasure products brand Leezu’s, Sportswear startup Agilitas Sports kept the funding figures under wraps. 

Merger and acquisition highlights

The period also witnessed strategic mergers and acquisitions. Mumbai-based gaming and esports company Nazara Technologies acquired a 47.7% stake in PokerBaazi parent Moonshine Technology and a 15.86% stake in the esports community platform STAN.

GoKwik, an eCommerce enabler, acquired Return Prime, a global returns management app in the Shopify ecosystem.

Yudiz Solutions, a listed blockchain and IT development startup, acquired a majority stake in ABCM App, a Mumbai-based digital payment solutions company.