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From Zepto To Blue Tokai — Indian Startups Raised $466 Mn This Week

From Zepto To Blue Tokai — Indian Startups Raised $466 Mn This Week
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

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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
Source: Inc42
*Part of a larger round
Note: Only disclosed funding rounds have been included

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.

Mergers and Acquisitions This Week

Other Developments Of The Week

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