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Between July 29 and August 03, 2024, as many as 28 startups from diverse sectors raised nearly $402 million in funding from investors.
These sectors include EV, D2C, Beverage, EV, Fintech, Ride-hailing, Gaming, Technology, SaaS, NBFC, Spacetech, and AI.
Last week, Indian startups raised over $82 million in funding, with Bengaluru-based aerospace firm Unimech Aerospace raising $29.86 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 ride-hailing leading the pack. Leading this sector was Rapido, which raised $120 million and became India's newest unicorn startup. Gruner Renewable Energy raised $60 million in funding.
The list was followed by Bengaluru-based lending firm Navi Finserv, Gurugram-based renewable energy company BluPine Energy, and NBFC firm Clix Capital, which collectively raised $92.7 million in funding.
Navi Finserv raised $38 million, BluPine Energy raised $28.5 million, and Clix Capital raised $26.2 million.
Emerging startups
SaaS startup Bloq Quantum raised the smallest amount, securing $150,000 in a pre-seed funding round. This was followed by technology startup toystack.ai, which raised $325,000 in a pre-seed round.
Bebe Burp raised $950,000 in a pre-Series A funding round. Edutainment startup EMoMee raised $1 million in a pre-seed funding round.
SaaS startup Nected raised $1.5 million in a Seed funding round, followed closely by beverage startup LB Brewers, which raised $1.5 million in a pre-Series A round.
Sportstech startup Khelomore raised $2 million in a pre-Series A round, while AI startup Rabbitt AI raised $2.1 million in a Seed round. Insurtech startup Square Insurance raised $3 million in a pre-Series A funding round.
ElectricPe secured $3 million in a pre-Series A round. AI startup Gnani.ai raised $3.58 million in a Series A round. Spacetech startup GalaxEye raised $6.5 million in a Series A funding round.
Wedding startup Meragi secured $9.1 million in a Series A round. Fintech startup BharatPe raised $10 million in debt funding. Social Media startup Sharechat raised $16 million in funding.
EV startup Simple Energy and Trade Financing startup Vayana Network each raised $20 million, with Simple Energy securing the amount in a Series A funding round and Vayana Network in a Series D round. EV startup Kinetic Green raised $20 million in debt and equity.
Meanwhile, D2C fitness brand Boldfit, Gaming startup Game Theory, and AI startup Cogniquest kept the funding figures under wraps.
Merger and acquisition highlights
The period also witnesses strategic mergers and acquisitions. Fintech firm Infibeam Avenues Ltd. acquired a 54.1% stake in internet business firm Rediff.com India Ltd.
Fintech startup SaveDesk acquired a 90% stake in another fintech startup Fairexpay for an undisclosed amount.
Mumbai-based esports and gaming company Nazara Technologies' subsidiary Nextwave Multimedia finalised the acquisition of the casual freemium card game, Ultimate Teen Patti (UTP).