Between September 23 and September 28, 2024, as many as 19 startups from diverse sectors raised over $366 million in funding from investors.
These sectors include Fintech, AI, Lifestyle, Fashion, Healthcare, Food, Proptech, Personal Care and Biotech. Last week, Indian startups raised over $470 million in funding, with Alakh Pandey-led PhysicsWallah raising $210 million alone.
Between September 23 and September 28, 2024, as many as 19 startups from diverse sectors raised over $366 million in funding from investors.
These sectors include Fintech, AI, Lifestyle, Fashion, Healthcare, Food, Proptech, Personal Care and Biotech. Last week, Indian startups raised over $470 million in funding, with Alakh Pandey-led PhysicsWallah raising $210 million alone.
High-value deals
A diverse range of sectors attracted investments during the week, with the SaaS sector leading the pack. Leading this sector was Whatfix, which raised $125 million in a Series E funding round. AI healthcare startup Qure.ai raised $65 million.
The list was followed by fintech startup M2P Fintech, AI startup Nurix AI, and Home interior design startup HomeLane, which collectively raised $104.4 million.
M2P Fintech raised a total of $100 million in Series D round, Nurix AI raised $27.5 million, and HomeLane raised $26.9 million.
Emerging startups
Defence robotics startup Sharang Shakti raised the smallest amount, securing $600,000 in a pre-seed funding round. This was followed by Proptech startup Flent, which raised $770,000 in a pre-seed funding round. Fintech startup care.fi raised $950,000 in debt.
Dairy-tech startup ORIGHT raised $1 million in a Seed funding round, closely followed by SaaS startup Pepsales, which raised $1.1 million in a pre-seed funding round. Coffee startup First Coffee raised $1.2 million in a Seed round, while AI paralegal startup Jhana secured $1.6 million in a Seed round.
Kids personal care brand Tuco Intelligent raised $2 million in a Seed round. B2B SaaS startup Atomicwork secured $3 million in a Seed round. Health-focused bread brand The Health Factory raised $3.5 million in a Seed round.
Biotech startup Ahammune Biosciences secured $5 million in a Series A funding round. Climate financing platform Two Point O Capital followed, raising $6.3 million in a Seed round. Visa processing startup Atlys raised $20 million in a Series B round, and Adtech startup AdOnMo raised $25 million in a funding round.
Merger and acquisition highlights
The period also witnessed strategic mergers and acquisitions. Zaggle acquired a 98% stake in TaxSpanner for Rs 32.07 crore. UAE-based focused investment company Redwood acquired majority stakes in Indian gaming streaming platform Loco. Home interior services startup HomeLane has acquired DesignCafe in a share-swap deal.
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