The funding momentum of the Indian startup ecosystem continued in the third week of December. Between December 18 and 23, Indian startups collectively managed to raise $349 Mn across 25 deals. Though this week’s funding was better than most of the weeks this year, it was 34% lower in comparison to the last week, when startups collectively raised $527 Mn across 21 deals.
Meanwhile, this week saw one mega deal, with robotics startup GreyOrange raising $135 Mn in its Series D funding round.
Funding Galore: Indian Startup Funding Of The Week [Dec 18 – Dec 23]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
21 Dec 2023
GreyOrange
Deeptech
Hardware & IoT
B2B
$135 Mn
Series D
Anthelion Capital, Mithril, 3State Ventures and Blume Ventures
Anthelion Capital
22 Dec 2023
Kitchens@
Consumer Services
Hyperlocal Delivery
B2B
$65 Mn
Series C
Finnest
19 Dec 2023
VideoVerse
Enterprisetech
Horizontal SaaS
B2B
$45 Mn
–
–
19 Dec 2023
U Gro Capital
Fintech
Lendingtech
B2B
$30 Mn
Debt
FMO
21 Dec 2023
BluSmart
Travel Tech
Transport Tech
B2C
$24 Mn
–
–
–
22 Dec 2023
Fasal
Agritech
Precision Agriculture
B2B
$12 Mn
Series A
TDK Ventures, British International Investment, ITI Growth Opportunities Fund, Navam Capital, Aureolis Ventures, 3one4 Capital, Omnivore, Wavemaker Partners, Genting Ventures, The Yield Labs Asia Pacific
TDK Ventures, British International Investment (BII)
19 Dec 2023
Beyond Odds
Edtech
Skill Development
B2C
$11 Mn
–
Lightspeed Venture Partners, Matrix Partners, Ritesh Agarwal, Gaurav Munjal
18 Dec 2023
Farmley
Ecommerce
D2C
B2C
$6.7 Mn
Pre-Series B
BC Jindal Group, DSG Consumer Partners, Omnivore, Alkemi Partners
BC Jindal Group
19 Dec 2023
BatX Energies
Cleantech
Electric Vehicle
B2B
$5 Mn
Pre-Series A
Zephyr Peacock, LetsVenture, JITO Angel Fund, Family offices of Mankind Pharma, Excel Industries, BluSmart
19 Dec 2023
Kapture CX
Enterprisetech
Horizontal SaaS
B2B
$4 Mn
Series A
India Alternatives
20 Dec 2023
Finhaat
Fintech
Insurtech/Investment Tech
B2C
$3 Mn
Seed
Omnivore, Kettleborough VC
Omnivore
18 Dec 2023
Finayo
Fintech
Fintech SaaS
B2B
$1.9 Mn
–
F Mec International Financial Services Limited, Choice Finserv Private Limited, India Accelerator, Manish Mehta
22 Dec 2023
Jumps Auto Industries
Deeptech
Hardware & IoT
B2B
$1.45 Mn
–
Aavishkaar Capital
18 Dec 2023
Hogr
Consumer Services
Hyperlocal Services
B2C
$1.2 Mn
Seed
Curefoods
18 Dec 2023
GetSetHome
Real Estate Tech
Shared Spaces
B2C
$1 Mn
Seed
Mistry Ventures
Mistry Ventures
22 Dec 2023
Peptris
Enterprisetech
Horizontal SaaS
B2B
$1 Mn
Seed
Speciale Invest
19 Dec 2023
HouseEazy
Real Estate Tech
Listing & Discovery Services
B2C
$1 Mn
Seed
Antler
Antler
19 Dec 2023
ALT CARBON
Cleantech
Climate Tech
B2B
$550K
Seed
Shastra VC
22 Dec 2023
Nestroots
Ecommerce
D2C
B2C
$360K
Seed
BeyondSeed Singapore, Arjun Vaidya
18 Dec 2023
Noise
Ecommercce
D2C
B2C
–
Series A
Bose
19 Dec 2023
Helo Health
Healthtech
Healthcare Services
B2B
–
Seed
ah! Ventures
20 Dec 2023
Reeudo
Fintech
Payments
B2C
–
–
Fateh Education
21 Dec 2023
Ugees
Ecommercce
D2C
B2C
–
Seed
EvolveX
22 Dec 2023
Eco Hotels and Resorts
Travel Tech
Accommodation
B2C
–
–
EaseMyTrip
21 Dec 2023
FlexifyMe
Healthtech
Fitness & Wellness
B2C
–
–
ah! Ventures
Source: Inc42
*Part of a larger round
Note: Only disclosed funding rounds have been included
Key Startup Funding Highlights Of The Week
Robotics startup GreyOrange raised $135 Mn in Series D funding round led by Anthelion Capital, making it the biggest funding deal of the week.
Fuelled by GreyOrange funding, deeptech emerged as the most funded sector this week with a total funding of $136.4 Mn funding across two deals.
At four deals each, ecommerce and fintech sectors saw the maximum funding deals this week.
Omnivore emerged as the busiest investor as it participated in three deals each.
This week, $8.1 Mn was raised in seed funding across 10 deals.
Startup Acquisitions This Week
Coworking space BHIVE acquihired product-engineering firm Praemineo for an undisclosed amount.
SAR Groups’ Livguard acquired Delhi NCR-based Euron Technologies to foray into the EV battery swapping space.
Other Major Developments From This Week
Chennai-based coworking space Awfis filed its DRHP to raise INR 160 Cr via a fresh issue. The startup’s IPO will also comprise an OFS component of 10.02 Mn shares.
Ola Electric has filed its draft red herring prospectus with the markets regulator Securities and Exchange Board of India (SEBI) for an INR 7,250 Cr initial public offering (IPO).
Flipkart is looking to raise a fresh funding of $1 Bn. Its parent Walmart has infused $600 Mn into the company as part of this round.
Ecommerce player FirstCry is likely to file its IPO papers this month to raise $500-$600 Mn from the public market.
Angel investment networking platform We Founder Circle’s (WFC) GIFT City Fund has raised $10 Mn and onboarded more than 250 investors.
Fintech unicorn BharatPe is looking to secure INR 500 Cr debt through unlisted non-convertible debentures (NCDs).
The post From GreyOrange To Kitchens@ — Indian Startups Raised $349 Mn This Week appeared first on Inc42 Media.
