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Between August 26 and August 31, 2024, as many as 27 startups from diverse sectors raised over $485 million in funding from investors.
These sectors include Quick Commerce, Agritech, Fintech, Edtech, Healthtech, Femtech, Biotech, SaaS, QSR, and Insurtech.
Last week, Indian startups raised over $114 million in funding, with Watertech company Livpure raising over $28 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 quick commerce sector leading the pack. Leading this sector was Zepto, which raised $340 million in funding. Specialty coffee and bakery brands Blue Tokai raised $35 million in a Series C funding round.
The list was followed by fintech startup Yubi, Agritech startup AGRIM, and Post-sales service firm Servify, which collectively raised $57.3 million.
Yubi raised $30 million, AGRIM raised $17.3 million, and Servify raised $10 million in debt.
Emerging startups
User data storage startup Medront raised the smallest amount, securing $120,000 in a Pre-Seed funding round. This was followed by Insurtech startup InsurancePadosi and Edtech startup ODA Class, where both raised $500,000 in funding.
The premier luxury student housing brand The Hive Hostels raised $1.37 million in a Pre-IPO round. Biotech startup Cambrian Bioworks raised $1.45 million in a Seed funding round. Femtech startup Laiqa Wellness and Healthtech startup Sunfox Technologies both raised $1.78 million, in a Seed and a pre-Series A funding round, respectively.
Deeptech startup DeepMatrix raised $1.6 million in a pre-Series A funding round, followed by Fintech startup plutos ONE, which raised $2 million in a Seed funding round.
QSR chain 99 Pancakes raised $2.4 million in a Series A funding round. Robotics startup Miko raised $2.44 million in funding. Edtech startup Kreedo Early Childhood Solutions raised $4 million in a Series A funding round. SaaS startup Finarekin Analytics raised $4.75 million in a pre-Series A funding round.
Energy startup Clean Electric raised $6 million in funding. AI startup Convin raised $6.5 million in a Series A funding round. Real estate startup HouseEazy raised $7 million in a Series A funding round. Beauty and Personal Care startup Pilgrim raised $9 million in a Series B funding round.
Meanwhile, Foodtech major Swiggy, Organic dog food brand TailBlaze, Account aggregator platform OneMoney, and Men's lifestyle brand Metaman kept the funding figures under wraps.
Merger and acquisition highlights
The period also witnessed strategic mergers and acquisitions. FMCG firm GRM Overseas acquired a 44% stake in Swmabhan Commerce Pvt Ltd, the parent company of the digital-first coffee brand Rage Coffee.
VerSe Innovation, the parent firm of online news aggregator DailyHunt and short-video platform Josh, acquired digital marketing solutions firm Valueleaf Group.