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Between September 16 and September 21, 2024, as many as 24 startups from diverse sectors raised over $470 million in funding from investors. These sectors include Edtech, Fintech, NBFC, SaaS, Dating, Traveltech, Wellness, Healthcare, Food, and Infrastructure.
Last week, Indian startups raised over $227 million in funding, with consumer tech unicorn InMobi raising $100 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 edtech sector leading the pack. Leading this sector was PhysicsWallah, which raised $210 million in a Series B funding round. Fintech startup M2P Fintech raised $50 million.
The list was followed by Omnichannel diagnostics service provider Redcliffe Labs, Digital infrastructure solutions provider iBUS Network, and Fleet operator Everest Fleet, which collectively raised $106 million in funding.
Redcliffe Labs raised $42 million, iBUS Network raised $34 million, and Everest Fleet raised $30 million.
Emerging startups
Domestic help service provider BookMyBai raised the smallest amount, securing $240,000 in a pre-Series A funding round. This was followed by Software marketplace startup TechJockey, which raised $880,000 in a pre-Series A funding round. Shark Tank India-featured Alpino raised $1.2 million in a maiden funding round.
AI-powered finance operations (FinOps) automation startup Bluecopa raised $1.8 million in a pre-Series A funding round.
Meme-based dating startup Schmooze followed closely, raising $4 million in a Series A funding round, while Hospitality startup ELIVAAS raised $5 million in a Series A funding round.
SaaS-enabled marketplace NowPurchase secured $6 million in a mix of debt and equity, followed by Traveltech startup Trip Cabinet, which raised $6.5 million. Wellness startup The Wellness Co raised $7.18 million in a funding round, and AI-powered recruitment platform Vahan.ai secured $10 million in a Series B funding round.
Fintech startup kaleidofin raised $13.8 million in a funding round, while Hyperlocal news startup Way2News secured $14 million in a Series B funding round. NBFC startup Aye Finance secured $30 million in a Series G funding round.
Meanwhile, Industries 5.0 startup Venttup, Chilli-focused hot condiments brand Kaatil, Luxury oral beauty brand Salt Oral Care, Event tech startup Ticket9, and New Delhi-based TraqCheck kept the funding figures under wraps.
Merger and acquisition highlights
The period also witnessed strategic mergers and acquisitions. OYO acquired US-based hotel chain Motel 6 parent G6 Hospitality in cash for Rs 4,400 crore. Gurugram-based platform-first martech network Wondrlab acquired OPA, an influencer marketing platform, for an undisclosed sum.
Mumbai-based fintech firm Veefin acquired a 26% stake in EpikIndifi, a software solution provider for banks and financial institutions. Stockal, a global B2B2C investing platform, has acquired Acru, a Bengaluru-based startup specializing in investment infrastructure for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).
Agritech startup Marsh Harrier acquired a computer vision company AJA Vision Technologies.