The year 2024 started on a sombre note for the Indian startup ecosystem in terms of funding, as nine startups collectively raised $58 Mn. This was a 35% decline from the $90 Mn that was raised in the last week of 2023 across 10 deals.
Funding Galore: Indian Startup Funding Of The Week [Jan 1 – Jan 6]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
5 Jan 2024
Country Delight
Ecommerce
D2C
B2C
$20 Mn
–
Temasek, Venture Partners
4 Jan 2024
Captain Fresh
Ecommerce
B2B
B2B
$13 Mn
–
Nekkanti Sea Foods, Shakti Finvest, Ravi Shankar Pemmasani, Shibu Mathai
4 Jan 2024
OneCard
Fintech
Lendingtech
B2C
$11.4 Mn
Debt
Alteria Capital
4 Jan 2024
Wiz Freight
Logistics
Supply Chain
B2B
$11.2 Mn
–
SBI Investments, Tiger Global, Nippon Express Fund, Axilor Technologies Fund
2 Jan 2024
Settl
Real Estate Tech
Shared Spaces
B2C
$1.2 Mn
Pre-Series A
Gruhas, We Founder Circle, Anthill Ventures, IPV, ah! Ventures, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, Nila Spaces Ltd
2 Jan 2024
DevDham
Consumer Services
Hyperlocal Services
B2C
$721K
Seed
Titan Capital, All In Capital, Veda VC, TDV Partners
Titan Capital
3 Jan 2024
Larkai
Healthtech
Medtech
B2B
$500K
Seed
FAAD Network, QI Ventures, RTAF
4 Jan 2024
Nawgati
Travel Tech
Transport Tech
B2B-B2C
$120K
–
GAIL
4 Jan 2024
Maidaan
Edtech
Skill Development
B2C
–
Seed
IPV, We Founder Circle
IPV
Key Startup Funding Highlights Of The Week
Dairytech startup Country Delight is raising $20 Mn in what seems to be a bridge round from Temasek and other existing investors.
Fuelled by Country Delight’s funding, the ecommerce sector not only emerged as the most funded sector this week with a total funding of $33 Mn funding but also recorded the most number of deal counts – two.
Inflection Point Ventures and We Founder Circle emerged as the busiest investors as they participated in two deals each.
This week, $1.2 Mn was raised in seed funding across three deals.
Other Major Developments From This Week
Delhi NCR-based fintech unicorn MobiKwik refiled its DRHP with market regulator SEBI to raise INR 700 Cr via a fresh issue of shares.
Nazara Technologies’ esports subsidiary NODWIN Gaming invested INR 33.26 Cr in Germany-based Freaks 4U Gaming GmbH via convertible note.
Meesho’s angel investors and early institutional shareholders are mulling to sell their shares in a secondary round at a lower valuation, ranging between $3-$3.5 Bn. Meesho was last valued at around $5 Bn.
US-based SentinelOne acquired Peak XV Partners-backed cybersecurity startup PingSafe in a cash and stock deal.
Public listed Easy Trip Planners is going to raise up to INR 1,000 Cr (around $120 Mn) through a preferential issue.
The post From Country Delight To Captain Fresh — Indian Startups Raised $58 Mn This Week appeared first on Inc42 Media.
