After a gloomy start to the year, Indian startups have managed to gather steam in the funding momentum, both in terms of value and volume. In the second week of 2024, the startups collectively bagged $145 Mn across 25 deals, which is a 150% rise from $58 Mn raised by nine startups between January 1-6.
Funding Galore: Indian Startup Funding Of The Week [Jan 8 – Jan 13]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
9 Jan 2024
Impact Analytics
Enterprisetech
Horizontal SaaS
B2B
$40 Mn
–
Sageview Capital, Vistara Growth
Sageview Capital
9 Jan 2024
makeO
Healthtech
Medtech
B2C
$16 Mn
–
360 ONE Asset, Ashish Kacholia, Eight Roads Ventures, Paramark Ventures, Prashant Singh, Tushar Kumar
360 ONE Asset
12 Jan 2024
Varthana
Fintech
Lendintech
B2C
$14 Mn
Blue Capital Earth
12 Jan 2024
Grip Invest
Fintech
Investment Tech
B2C
$10 Mn
Series B
Stride Ventures, LC Nueva, Multiply Ventures, Venture Highway, Anicut Capital, AdvantEdge
Stride Ventures
6 Jan 2024
CureBay
Healthtech
Telemedicine
B2C
$7.4 Mn
Series A
Elevar Equity
Elevar Equity
11 Jan 2024
ConveGenius
Edtech
Enterprise Edtech
B2B
$7 Mn
–
UBS Optimus Foundation, Mount Judi Ventures, Michael & Susan Dell Foundation, Bace Capital, Heritas Capital, Gray Matters Capital
UBS Optimus Foundation, Mount Judi Ventures
9 Jan 2024
Karkhana. io
Enterprisetech
Enterprise Services
B2B
$6.3 Mn
Series A
Arkam Ventures, Susquehanna Asia Venture Capital, Vertex Ventures Southeast Asia
Arkam Ventures, Susquehanna Asia Venture Capital
9 Jan 2024
PierSight
Deeptech
Spacetech
B2B
$6 Mn
Seed
Alpha Wave Ventures, Elevation Capital
Alpha Wave Ventures, Elevation Capital
11 Jan 2024
Amaha Health
Healthtech
Fitness & Wellness
B2C
$6 Mn
–
Fireside Ventures
Fireside Ventures
9 Jan 2024
SalarySe
Fintech
Lendingtech
B2C
$5.25 Mn
Seed
Peak XV Partners, Pravega Ventures
Peak XV Partners
9 Jan 2024
Fisdom
Fintech
Investment Tech
B2C
$5 Mn
–
PayU
8 Jan 2024
Riskcovry
Fintech
Fintech SaaS
B2B
$4.5 Mn
Bridge
Morphosis Venture Capital, IIFL
Morphosis Venture Capital
11 Jan 2024
The Baker’s Dozen
Ecommerce
D2C
B2C
$4 Mn
Pre-Series A
Wipro Consumer Care, Mirabilis Investment Trust, She Capital, Fireside Ventures
Wipro Consumer Care Ventures
9 Jan 2024
Fittr
Healthtech
Fitness & Wellness
B2C
$3.5 Mn
Rainmatter
9 Jan 2024
MyMuse
Ecommerce
D2C
B2C
$2.7 Mn
Pre-Series A
Trifecta Capital, Kunal Shah, Saama Capital, Sauce VC, Whiteboard Capital
9 Jan 2024
Accio Robotics
Deeptech
Robotics Process Automation
B2B
$1.8 Mn
Pre-Series A
BIG Capital, Unisync Angels, Daniel Fitzgerald, Roots’ Ventures, Anuj Bihani
BIG Capital, Unisync Angels, Daniel Fitzgerald
10 Jan 2024
Glamplus
Enterprisetech
Vertical SaaS
B2B
$2 Mn
Pre-Series A
Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, IPV
9 Jan 2024
Evify
Logistics
Last mile delivery
B2B
$1.3 Mn
Pre-Series A
GVFL, Piper Serica
8 Jan 2024
Kidebea
Ecommerce
D2C
B2C
$1 Mn
Pre-Series A
Venture Catalysts, Agility Ventures, BestVantage Investments, Sandeep Agarwal, Upasana Agarwal, Ashok Bahadur, Hiro Mizushima
Venture Catalysts
11 Jan 2024
Salty
Ecommerce
D2C
B2C
$651K
–
Anicut Capital, All In Capital, Suashish Diamonds, JK Group
8 Jan 2024
Navork Innovations
Agritech
Farm Management
B2B-B2C
$200K
Seed
Spring Star Capital Group, Nikken Group
12 Jan 2024
Ambitio
Edtech
Online Discovery
B2C
$181K
Seed
First Cheque
9 Jan 2024
InCruiter
Enterprisetech
Horizontal SaaS
B2B
$132.7K
–
GetVantage
9 Jan 2024
PrabhuBhakti
Ecommerce
D2C
B2C
–
Seed
Prajay Advisory
10 Jan 2024
Lemme Be
Ecommerce
D2C
B2C
–
–
Team Pumpkin
Source: Inc42
*Part of a larger round
Note: Only disclosed funding rounds have been included
Key Startup Funding Highlights Of The Week
SaaS startup Impact Analytics has raised $40 Mn led by Sageview Capital, making the biggest funding round of this week.
Fuelled by Impact Analytics’ funding, the enterprisetech sector emerged as one of the most funded sectors this week with a total funding of $48.4 Mn funding across 4 deals.
The ecommerce sector reported the maximum of six deals and a total funding of $8.3 Mn.
Fireside Ventures and Anicut Capital emerged as the busiest investors as they participated in two deals each.
This week, seed funding rose to $11.2 Mn across five deals.
Other Major Developments From This Week
One97 Communications Limited, the parent company of Paytm, will invest INR 100 Crore in Gujarat International Finance Tec (GIFT) City to build a global financial ecosystem.
Gruhas Collective Consumer Fund (GCCF), a fund floated by Nikhil Kamath and Gruhas in partnership with Collective Artists Network, has invested in five businesses so far.
Revenue-based financing platform Velocity has earmarked INR 300 Cr ($36.1 Mn) to offer financing to B2B SaaS startups.
Upekkha, a SaaS fund and accelerator announced the first close at $15 Mn of the larger $40 Mn Upekkha fund.
GetVantage launched its SaaS Accelerator Fund II for B2B SaaS businesses with a total corpus of INR 250 Cr.
Parag Agarwal, the former CEO of X (erstwhile Twitter), who was fired soon after Elon Musk took over the social media platform, has now raised $30 Mn for his new AI venture.
Inflection Point Ventures launched a sector-agnostic accelerator to support entrepreneurs who are seeking to build startups that are at the idea stage.
Kalpathi Group’s edtech venture Veranda Learning Solutions has agreed to acquire educational services provider Tapasya Educational Institutions Private Limited for at least INR 362 Cr (around $44 Mn).
The post From Impact Analytics To makeO — Indian Startups Raised $145 Mn This Week appeared first on Inc42 Media.
