Maintaining a strong funding pace in the second week of September, Indian startups successfully garnered $413 Mn through 21 deals from September 11 to September 15. This represents a significant 61% increase over the $257 Mn secured in 18 deals during the prior week.
The week witnessed one mega deal, with fintech SaaS-based startup Perfios bagging $229 Mn in its Series D round from Kedaara Capital.
Funding Galore: Indian Startup Funding Of The Week [Sept 11 – Sept 16]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
11 Sept 2023
Perfios
Fintech
Fintech SaaS
B2B
$229 Mn
Series D
Kedaara Capital
14 Sept 2023
Pixis
Enterprisetech
Horizontal SaaS
B2B
$85 Mn
Series C1
Touring Capital, Grupo Carso, General Atlantic, Celesta Capital, Chiratae Ventures
Touring Capital
14 Sept 2023
Leads Connect
Agritech
Precision Agriculture
B2B
$60.2 Mn
–
BL Agro
12 Sept 2023
Kale Logistics
Logistics
Logistic SaaS
B2B
$30 Mn
Series B
Creaegis Advisors LLP
12 Sept 2023
PeeSafe
Ecommerce
D2C
B2C
$3 Mn
Series B
Natco Pharma, Rainmatter Health, Alkemi Growth Capital
Natco Pharma, Rainmatter Health
14 Sept 2023
HotelYaari
Fintech
Investment Tech
B2C
$2.18 Mn
Seed
Alios Ventures
12 Sept 2023
WOGOM
Ecommerce
B2B Ecommerce
B2B
$1.9 Mn
–
–
14 Sept 2023
Melooha
Consumer Services
Hyperlocal Services
B2C
$635K
–
Streak Ventures LLC
Streak Ventures LLC
11 Sept 2023
DevDynamics.ai
Enterprisetech
Horizontal SaaS
B2B
$600K
–
Powerhouse Ventures, Sunn91 Ventures, PointOne Capital
Powerhouse Ventures
12 Sept 2023
1Bridge
Ecommerce
B2B Ecommerce
B2B
$481K
–
C4D Partners
13 Sept 2023
ThinkMetal
Deeptech
IoT & Hardware
B2B
$300K
Seed
100X.VC
100X.VC
14 Sept 2023
K12 Techno Services
Edtech
K12
B2C
–
–
Kedaara Capital
11 Sept 2023
Smartstaff
Enterprisetech
Horizontal SaaS
B2B
–
–
Persol
11 Sept 2023
TrackWizz
Fintech
Fintech SaaS
B2B
–
WestBridge Capital
13 Sept 2023
Mitsu
Healthtech
Fitness & Wellness
B2C
–
–
Gaurav Barman
14 Sept 2023
Port
Media & Entertainment
Social Media & Chat
B2C
–
Seed
Catamaran
15 Sept 2023
Blue Tokai Coffee
Ecommerce
D2C
B2C
–
Series B
Deepika Padukone
11 Sept 2023
Navars Edutech
Edtech
K12
B2C
–
–
JITO Incubation and Innovation Foundation
14 Sept 2023
Cultos Global
Enterprisetech
Horizontal SaaS
B2B
–
–
Sameer Mehta, Tarun Katial, Ashwath Bhat
13 Sept 2023
Xtracap Fintech
Fintech
Lendingtech
B2B
–
–
IIFL Fintech Fund
15 Sept 2023
Videonetics
Enterpristech
Horizontal SaaS
B2B
–
–
Florintree
Source: Inc42
*Part of a larger round
Note: Only disclosed funding rounds have been included
Key Startup Funding Highlights Of The Week
Bengaluru-based fintech SaaS startup Perfios raised $229 Mn from Kedaara Capital, making it the biggest fundraise of the week.
Fueled by Perfios fundraise, the fintech emerged as the most funded sector this week, securing $231 Mn across four deals.
Enterpristech reported the highest deal count, securing $85.6 Mn across five startup funding deals.
Following an impressive number of seed funding deals last week, the Indian startup ecosystem witnessed meagre three deals.
Kedaara Capital was the busiest investor this week as it participated in two deals each.
Startup Fund Launches This Week
Early stage VC firm Vertex Ventures Southeast Asia and India has raised $541 Mn for its fifth fund – the VVSEAI Fund V.
Xponentia Capital announced the first closure of Xponentia Opportunities Fund II after raising INR 1,000 Cr from investors, exceeding the initial target of INR 750 Cr.
Early stage VC Kae Capital closed its Winners Fund II (KWF II) worth $50 Mn (INR 410 Cr) to co-invest in its portfolio startups.
Artha Group has launched Artha Continuum Fund (ACF), a syndicate fund tailor-made for family offices and Ultra High Net Worth Individuals (UHNIs).
Startup Acquisitions Of This Week
Intercity food delivery startup JustMyRoots acquired regional packaged food delivery startup The State Plate (TSP) for an undisclosed amount.
Fintech unicorn Razorpay marked its eighth acquisition. The fintech unicorn acquired BillMe, a Mumbai-based digital invoicing and customer engagement startup.
1 Bridge acquired the technology assets of eSamudaay to build district commerce stack on Open Network for Digital Commerce (ONDC).
Sportswear brand Agilitias Sports, which raised $52 Mn in its maiden funding round, has acquired Mochiko Shoes, a domestic footwear brand.
Other Major Developments From This Week
AI-enabled matrimony startup Betterhalf announced its second ESOP buyback programme which will benefit 29 current and former employees.
Troubled BYJU’S has put two of its acquired companies – Epic and Great Learning, on sale and is looking to cash out $800 Mn – $1 Bn from it.
Global investment major KKR is likely to invest INR 2,069.5 Cr in Reliance’s retail arm – Reliance Retail Ventures Ltd (RRVL) for INR 2,069.5 Cr.
Lenskart-backed Neso Brands invested $4 Mn in Paris-based omnichannel eyewear brand Le Petit Lunetier for a significant stake.
The post From Perfios To Pixis — Indian Startups Raised $413 Mn This Week appeared first on Inc42 Media.
