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SUMMARY
Indian startups cumulatively raised $466.1 Mn via 22 deals, a 75% jump from the $265.2 Mn raised across 16 deals in the preceding week
Quick commerce major Zepto raised $340 Mn in a ‘follow on financing’ round in the week
VC firm Antler was the most active investor this week, backing two startups
Funding momentum across the Indian startup ecosystem gathered steam in the final week of the ongoing month. Between August 26 and 31, startups cumulatively raised $466.1 Mn across 22 deals, a 75% jump from $265.2 Mn secured via 16 deals in the preceding week.
Funding Galore: Indian Startup Funding Of The Week [ Aug 26 -31 ]
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 30 Aug 2024 | Zepto | Consumer Services | Hyperlocal Services | B2C | $340 Mn | – | General Catalyst, Dragon Fund, Epiq Capital, StepStone, Lightspeed, DST, Contrary | General Catalyst |
| 31 Aug 2024 | Blue Tokai | Ecommerce | D2C | B2C | $35 Mn | Series C | Verlinvest, Anicut Capital, A91 Partners | Verlinvest |
| 26 Aug 2024 | Yubi Group | Fintech | Lending Tech | B2B | $29.8 Mn | – | Gaurav Kumar | Gaurav Kumar |
| 30 Aug 2024 | Agrim | Agritech | Market Linkage | B2B | $17.3 Mn | Series B | Asia Impact | Asia Impact |
| 29 Aug 2024 | Piligrim | Ecommerce | D2C | B2C | $9 Mn | Series B | Fireside Ventures, Vertex Ventures, NSFO Ventures, Mirabilis Investment, NABS Vriddhi | Fireside Ventures, Vertex Ventures |
| 26 Aug 2024 | HouseEazy | Real Estate Tech | Listing & Discovery | B2C | $7 Mn | Series A | Chiratae Ventures, Alteria Capital, Antler | Chiratae Ventures |
| 27 Aug 2024 | Convin | Fintech | Fintech SaaS | B2B | $6.5 Mn | Series A | India Quotient, JSW Ventures, Kalaari Capital, Titan Capital Winners Fund, Sparrow Capital, 100 Unicorns | India Quotient, JSW Ventures |
| 27 Aug 2024 | Finarkein Analytics | Fintech | Fintech SaaS | B2B | $4.7 Mn | pre-Series A | Nexus Venture Partners, IIFL, Eximius Ventures, Nitin Gupta, Chirag Jain | Nexus Venture Partners |
| 27 Aug 2024 | Kreedo | Edtech | Edtech SaaS | B2B | $4 Mn | Series A | Heritas Capital, UBS Optimus Foundation, Gray Matters Capital, 1Crowd, Chennai Angels, Joka Angel Network | Heritas Capital |
| 27 Aug 2024 | plutos One | Fintech | Payments | B2C | $2 Mn | Seed | StartupXseed, Genesia Ventures, Auxano Capital, Raghuvanshi Investments | StartupXseed |
| 28 Aug 2024 | Sunfox Technologies | Healthtech | Healthcare SaaS | B2B | $1.8 Mn | – | Venture Catalysts, IA Growth Opportunities Fund I, Brew Opportunities Fund, Universal Group, RP Singhvi Group | Venture Catalysts |
| 28 Aug 2024 | Laiqa Wellness | Ecommerce | D2C | B2C | $1.8 Mn | Seed | IvyCap Ventures | IvyCap Ventures |
| 27 Aug 2024 | Just Words | Enterprise Tech | Horizontal SaaS | B2B | $1.7 Mn | Seed | Peak XV Partners, Y Combinator | Peak XV Partners, Y Combinator |
| 27 Aug 2024 | DeepMatrix | Enterprise Tech | Horizontal SaaS | B2B | $1.6 Mn | pre-Series A | YourNest, Arali Ventures, Abhishek Goyal | YourNest, Arali Ventures |
| 28 Aug 2024 | ProFinTech Technologies | Fintech | Lending Tech | B2B | $1.4 Mn | Seed | K.I. Varaprasad Reddy family office, Rahul Gedupudi family office, Sreeman Chalasani family office, Srinivas Kalagara family office | K.I. Varaprasad Reddy family office, Rahul Gedupudi family office |
| 28 Aug 2024 | Cambrian Bioworks | Healthtech | Healthcare Services | B2B | $1.4 Mn | Seed | Irani family office, Vaibhav Hegde | Irani family office |
| 27 Aug 2024 | InsurancePadosi | Fintech | Insurtech | B2C | $500K | pre-Seed | Antler, Hemant Kaul, Satish Pillai | Antler |
| 29 Aug 2024 | ODA Class | Edtech | K-12 | B2C | $500K | Series B | – | – |
| 29 Aug 2024 | Medront | Consumer Services | – | B2C | $126.4K | pre-Seed | Inflection Point Ventures | Inflection Point Ventures |
| 26 Aug 2024 | Metaman | Ecommerce | D2C | B2C | – | – | KL Rahul | KL Rahul |
| 27 Aug 2024 | OneMoney | Fintech | Fintech SaaS | B2B | – | – | Equal | Equal |
| 28 Aug 2024 | Better Nutrition | Ecommerce | D2C | B2C | – | – | Pankaj Bhadouria | Pankaj Bhadouria |
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Source: Inc42 |
Key Startup Funding Highlights Of The Week
- After weeks of speculation, quick commerce major Zepto announced that it has bagged $340 Mn in a ‘follow-on financing’ round, led by General Catalyst, at a valuation of $5 Bn.
- Buoyed by Zepto’s mega funding round, the consumer services sector emerged as a sectoral leader this week with startups in the segment raising $340.1 Mn via two deals.
- Fintech and ecommerce sectors trailed consumer services at a sectoral level. While ecommerce sector saw startups raising $45.8 Mn via five deals, fintech startups bagged $44.9 Mn across seven deals.
- Venture Capital firm Antler was the most active investor this week, backing two startups.
- Seed funding zoomed in the week to $8.3 Mn from the $1 Mn raised by startups at this level last week.
