Now Loading

Indian Startups Secure Over $485 Million in Funding from August 26-31, 2024

indian statrtups

In a significant boost to the Indian startup ecosystem, 27 startups across various sectors raised over $485 million in funding during the last week of August. The sectors attracting investment include Quick Commerce, Agritech, Fintech, Edtech, Healthtech, Femtech, Biotech, SaaS, QSR, and Insurtech.

Leading the pack, Quick Commerce startup Zepto secured a massive $340 million, highlighting the growing investor interest in the sector. Specialty coffee and bakery brand Blue Tokai followed with a $35 million Series C round.

Fintech startup Yubi, Agritech startup AGRIM, and Post-sales service firm Servify also saw significant investments, collectively raising $57.3 million. Yubi brought in $30 million, AGRIM secured $17.3 million, and Servify raised $10 million in debt.

Among emerging startups, Medront, a user data storage company, raised the smallest amount with $120,000 in a Pre-Seed round. Meanwhile, InsurancePadosi and ODA Class both secured $500,000 each. Other notable fundraisers include The Hive Hostels, Cambrian Bioworks, Laiqa Wellness, Sunfox Technologies, DeepMatrix, and plutos ONE, with investments ranging from $1.37 million to $2 million.

Noteworthy funding rounds also came from QSR chain 99 Pancakes, robotics startup Miko, and SaaS startup Finarekin Analytics, with amounts ranging from $2.4 million to $4.75 million. Clean Electric, Convin, HouseEazy, and Pilgrim each raised between $6 million and $9 million, further underlining the diverse investment landscape.

In addition to funding rounds, the week witnessed strategic mergers and acquisitions. FMCG firm GRM Overseas acquired a 44% stake in Swmabhan Commerce Pvt Ltd, the parent company of Rage Coffee, while VerSe Innovation, the parent of DailyHunt and Josh, acquired digital marketing solutions firm Valueleaf Group.

This wave of funding and strategic acquisitions underscores the dynamic and evolving nature of the Indian startup scene, with investors keenly eyeing opportunities across a broad spectrum of sectors.

Upcoming Conferences