Between September 30 and October 30, 2024, as many as 17 startups from diverse sectors raised over $71 million in funding from investors.
These sectors include B2B Saas, Healthtech, Sportstech, Wellness, Healthcare, Fintech, Deeptech, Dronetech, and Beauty.
Last week, Indian startups raised over $366 million in funding, with SaaS startup Whatfix raising $125 million alone.
Between September 30 and October 30, 2024, as many as 17 startups from diverse sectors raised over $71 million in funding from investors.
These sectors include B2B Saas, Healthtech, Sportstech, Wellness, Healthcare, Fintech, Deeptech, Dronetech, and Beauty.
Last week, Indian startups raised over $366 million in funding, with SaaS startup Whatfix raising $125 million alone.
High-value deals
A diverse range of sectors attracted investments during the week, with Specialty chemical leading the pack. Leading this sector was Mstack, which raised $40 million in a Series A funding round. Fintech startup BASIC Home Loan raised $10.6 million in a Series B round.
The list was followed by Sportstech startup Str8bat, Furniture startup Furnishka, and Cancer care startup OnCare, which collectively raised $9.71 million.
Str8bat raised $3.5 million, Furnishka raised $3.21 million, and OnCare raised $3 million.
Emerging startups
Aromatherapy-based wellness startup Secret Alchemist raised the smallest amount, securing $500,000 in a Seed funding round. This was followed by B2B SaaS startup Zintlr raised $890,000 in a Seed funding round.
Healthtech startup Ai Health Highway raised $1 million in a pre-Series A round, Dronetech startup IG Drones raised $1 million, Skincare startup Conscious Chemist raised $1.42 million in a funding round, while Electric Mobility startup ZEVO secured $2 million in a pre-Series A funding round. Skincare startup ClayCo Cosmetics raised $2 million in a Series A round. Health & Wellness startup Lissun secured $2.5 million in a pre-Series A funding round.
Meanwhile, Defencetech startup Digilogic Systems India, Deeptech accelerator SanchiConnect, Dronetech startup Garuda Aerospace, and Healthtech startup Sugar.fit kept the funding figures under wraps.
Merger and acquisition highlights
The period also witnessed strategic mergers and acquisitions. Edtech startup Adda247 acquired PrepInsta, a platform focused on placement preparation for engineering students, for an undisclosed sum. Mumbai-based digital lifestyle fresh food brand Pluckk acquired Upnourish, a direct-to-consumer nutrition brand, for $1.4 million.
Capital IQ, a boutique investment consultancy firm, acquired Karman Drones at a valuation of Rs 75 crore (or around $8.92 million).
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