Kicking off the last month of the year on a positive note, Indian startup ecosystem saw a remarkable upward trajectory in terms of fundraise. Between December 4 and 9, the homegrown startups collectively raked in $85 Mn across 18 deals, marking a 37% jump from $62 Mn secured across 19 deals in the preceding week.
Funding Galore: Indian Startup Funding Of The Week [Dec 4 – Dec 9]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
7 Dec 2023
Sarvam AI
Enterprisetech
Horizontal SaaS
B2B
$41 Mn
Series A
Lightspeed Venture Partners, Peak XV Partners, Khosla Ventures
Lightspeed Venture Partners
8 Dec 2023
The Sleep Company
Ecommerce
D2C
B2C
$22.1 Mn
Series C
Premji Invest, Fireside Ventures
Premji Invest, Fireside Ventures
5 Dec 2023
Digivriddhi Technologies
Fintech
Neobank
B2B
$6 Mn
Series A
Omidyar Network India, Omnivore, InfoEdge Ventures
Omidyar Network India
6 Dec 2023
Navadhan
Fintech
Lendingtech
B2B-B2C
$5 Mn
Pre-Series A
Prime Venture Partners, Gemba Capital, Varanium NexGen Fintech Fund
Prime Venture Partners
7 Dec 2023
Airblack
Edtech
Skill Development
B2C
$4 Mn
Pre-Series B
Michael & Susan Dell Foundation, Elevation Capital, InfoEdge Ventures, Blume Ventures, Thandani and Pawar Family Trust
Michael & Susan Dell Foundation
7 Dec 2023
Scimplifi
Enterprisetech
Enterprise Services
B2B
$3.67 Mn
–
3one4 Capital, BEENEXT
7 Dec 2023
Digital Paani
Cleantech
Water Tech
B2B
$1.2 Mn
Seed
Elemental Excelerator, Eniza, Peer Cheque, SAE, DevC, Bharat Founders Fund, Ashish Goel, Alok Mittal, Mohit Sadani, Mohit Tandon
Elemental Excelerator
6 Dec 2023
VoiceClub
Media & Entertainment
Social Media
B2C
$700K
Seed
Better Capital, TDV Partners, Blume Founders Fund, Sunn91, Astir Ventures
Better Capital
7 Dec 2023
AllTrak
Healthtech
Healthcare SaaS
B2B
$503K
Pre-Series A
IPV
IPV
5 Dec 2023
Pickndel
Logistics
Ecommerce Logistics
B2B
$285K
Seed
100x. VC, Anay Ventures, Flawless Company, Shavdia Ventures, Pradeep Desu
5 Dec 2023
Scandalous Foods
Ecommerce
D2C
B2C
$191K
Seed
Anthill Angel Fund, EvolveX, Value360, Sapphireink Ventures, Sagar Daryani, Kamnaa Aggarwal, Vikas Aggarwal, Harpal Singh Soki
5 Dec 2023
Offside
Media & Entertainment
Social Media
B2C
$150K
Seed
100x. VC
8 Dec 2023
MetaShop
Enterprisetech
Horizontal SaaS
B2B
$100K
–
Google’s Women Founders Fund
8 Dec 2023
Fundamento
Enterprisetech
Horizontal SaaS
B2B
$100K
–
Google’s Women Founders Fund
8 Dec 2023
The Teaser Company
Enterprisetech
Enterprise Services
B2B
$119K
Seed
–
6 Dec 2023
Phases
Ecommerce
D2C
B2C
$36K
Angel
Aparna Thyagarajan
5 Dec 2023
EsportsXO
Media & Entertainment
Gaming
B2B-B2C
–
SOSV’s Orbit Startups, SucSEED Indovation Fund, Mumbai Angels
6 Dec 2023
Chainrisk
Enterprisetech
Horizontal SaaS
B2B
–
Seed
Antler
Key Startup Funding Highlights Of The Week
Five months old, Sarvam AI raised Series A funding of $41 Mn led by Lightspeed Venture Partners, making it the biggest funding deal of the week.
Fuelled by Sarvam AI’s funding, the enterprisetech sector not only emerged as the most funded sector this week with $44.9 Mn funding, but also witnessed maximum number of deals with six deal count.
InfoEdge Ventures, 100x.VC and Google’s Women Founder emerged as the busiest investors as it participated in two deals each.
Seed funding remained flat this week with a mere $2.6 Mn across eight deals.
Startup Acquisitions This Week
CarDekho Group picked up a majority stake in Gurugram-based Revv, marking its foray into the shared mobility space. As a part of the deal, CarDekho Group will merge Revv with the rest of its offerings.
Allen Career Institute acquired doubts solving platform Doubtnut for an undisclosed amount.
PE firm ChrysCapital acquired 75% stake of B2B SaaS platform ProHance Analytics for an undisclosed amount to foray into the country’s SaaS space.
Edtech startup Toprankers acquired Gurugram-based test preparation platform Chinar Law Institute (CLI) for an undisclosed amount.
Other Major Developments From This Week
Ahmedabad-based VC firm GVFL partnered with global venture accelerator Brinc to launch an accelerator programme for backing early-stage startups across four different sectors.
Indian Angel Network (IAN) announced the first close of its second venture capital fund at INR 355 Cr.
Bhavish Aggarwal’s Ola Electric to file its draft red herring prospectus (DRHP) in the next two weeks as it gears up to go public early next year.
The post From Sarvam AI To The Sleep Company — Indian Startups Raised $85 Mn This Week appeared first on Inc42 Media.
