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 title=”From Country Delight To Captain Fresh — Indian Startups Raised $58 Mn This Week” href=”https://inc42.com/buzz/from-country-delight-to-captain-fresh-indian-startups-raised-58-mn-this-week/”>From Country Delight To Captain Fresh — Indian Startups Raised $58 Mn This Week appeared first on Inc42 Media.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
