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Between June 17 and June 22, 2024, as many as 30 startups from diverse sectors raised over $897 million in funding from investors.
These sectors include quick-commerce, NBFC, Proptech, Lending, Fashion, Beverage, Fintech, and AI, among others.
Between June 3 and June 17, around 41 Indian startups raised over $447 million in funding, with Fibe raising $90 million alone. This was followed by Battery Smart, Sabine Hospitals, and Candi Solar, which raised $65 million, $50 million, and $38 million, respectively.
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 quick commerce leading the pack. Leading this sector was Mumbai-based Aadit Palicha-led Zepto, which raised $665 million in a Series F funding round.
Housing loan provider Ummeed Housing Finance Pvt. Ltd raised $76 million in a Series F funding equity round.
This list was followed by lending firm Aye Finance, Craft beer maker Bira 91, and digital lending startup Slice, which collectively raised $75 million in funding. Aye Finance raised $30 million, Bira 91 raised $25 million, and Slice raised $20 million, all in debt rounds.
Emerging startups
Several startups have emerged as noteworthy for their traction with the funding community.
BFSI-focused Metis Intellisystems raised the smallest amount in funding, securing $150,000. This was followed by packaged drinking water startup Wahter, which raised $600,000 in a pre-seed funding round. Beverage brand Rockit secured $710,000 in a pre-seed round.
Several startups raised $1.5 million each: vegan ice cream brand Go Zero in a pre-Series A round, AI startup GreyLabs in a Seed round, generative AI startup Ayna in a Seed round, and beauty brand Asaya also in a Seed round.
Fintech SaaS startup Prosper.io garnered $1.55 million in a pre-seed round. Premium luggage brand Eume raised $1.8 million in a pre-Series A round. AI-powered networking marketplace Unikon.ai raised $2 million in a Seed round.
Payments startup POP and Jupiter's Amica Finance each raised $2.4 million in Seed funding rounds. Revenue automation startup MeetRecord secured $2.7 million in a pre-Series A round. AI startup Maxim AI raised $3 million, and R&D-led specialty chemicals platform Distil raised $3.1 million in a Seed round.
Lending startup Supermoney raised $3.4 million in a Series A funding round. Farm equipment company Modish Tractoraurkisan raised $4.78 million. Healthtech startup Alyve Health secured $5.5 million in a Series A round. AI startup Orbitshift garnered $7 million in a Seed round, and NBFC firm Dvara KGFS also raised $7 million in debt.
Shivalik Small Finance Bank raised $11.96 million in funding. Meanwhile, Proptech startup Landeed, Fintech startup LEO1, and AI design powerhouse Nirwana.AI kept the funding figure under wraps.
Lastly, Virat Kohli-backed fashion brand WROGN secured $15 million from Aditya Birla's TMRW House of Brands.
Merger and acquisition highlights
The period also featured strategic mergers and acquisitions. Yatra Online Limited acquired the remaining 49% stake in its joint venture, Adventure and Nature Network Private Limited (ANN), making ANN a subsidiary of Yatra Online. Before the acquisition, Yatra Online held a 50% stake in ANN. With the completion of the transaction, the company's ownership will rise to 99%.
Ananta Capital, under its beauty and wellness company Guardian, acquired a 55% stake in Anveya Living for an undisclosed amount. The company currently houses three D2C brands, including ThriveCo, Curlvana, and Anveya.