Indian Startup Funding — Startups Raised $114 Mn This Week

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SUMMARY

Indian startups cumulatively raised $114 Mn across 22 deals, a 32% increase from $86.4 Mn raised across 16 deals last week

Deeptech emerged as the investor favourite sector this week on the back of Haber’s $38 Mn fundraise

Seed funding picked up this week to $17.8 Mn from $1.9 Mn last week

After a significant drop in funding trends leading into the month of October, investor sentiment picked up slightly in the second week of the month. Indian startups raised $114 Mn via 22 deals during October 7-12, up 32% from $86.4 Mn raised last week across 16 deals. 

This was the second week when no mega funding rounds materialised. This came after a quarter filled with heightened funding interest. In the third quarter of calendar year 2024, Indian startup funding doubled year-on-year to $3.4 Bn from $1.7 Bn in the same period last year. Late-stage investments surged 115% to surpass the $2.1 Bn mark in the September quarter this year from $984 Mn in Q3 2023. 

Funding Galore: Indian Startup Funding This Week [Oct  7-12]

Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor
10 Oct 2024 Haber Deeptech Robotics Process Automation (RPA) B2B $38 Mn Accel India, Beenext Capital, Creaegis
9 Oct 2024 Spry Therapeutics Healthtech Healthcare SaaS B2B $15 Mn Flourish Ventures, Together Fund, Fidelity’s Eight Road Ventures, F Prime Capital Flourish Ventures
10 Oct 2024 Millenium Babycares Ecommerce D2C B2C $14.5 Mn Pantamoth Capital Pantamoth Capital
9 Oct 2024 Urja Mobility Cleantech Electric Vehicle B2B $12 Mn pre-Series A Mufin Green Finance Limited, Hindon Mercantile Limited Mufin Green Finance Limited, Hindon Mercantile Limited
7 Oct 2024 XDLINK Deeptech Spacetech B2B $7 Mn Seed Ashish Kacholia, E2MC, Mana Ventures Ashish Kacholia
9 Oct 2024 BioPrime Agritech Farm Inputs B2B $6 Mn Series A Edaphon, Omnivore, Inflexor Edaphon
8 Oct 2024 Dezy Healthtech Telemedicine B2C $6 Mn Alpha Wave, Chiratae Ventures, Peak XV
9 Oct 2024 Swara Fincare Fintech Lendingtech B2B $2.3 Mn Series A Unitus Capital, Piper Serica, Dev Verma, Mukund Madhav, Sumit Ranjan Unitus Capital
9 Oct 2024 Figr Enterprisetech Horizontal SaaS B2B $2.2 Mn Seed Kalaari Capital, Antler, Golden Sparrow Kalaari Capital
9 Oct 2024 LearnTube Edtech Skill Development B2C $2 Mn Seed Blitzscaling Ventures, Goodwater Capital, Bisk Ventures, ACT
7 Oct 2024 Framer AI Enterprisetech Horizontal SaaS B2B $2 Mn Seed Lumikai Lumikai
7 Oct 2024 Nayan Tech Enterprisetech Horizontal SaaS B2B $2 Mn pre-Series A BEENEXT, We Founder Circle, Venture Catalysts, LetsVenture, FAAD Capital BEENEXT
9 Oct 2024 ZenStatement Fintech Fintech SaaS B2B $1.6 Mn Seed 3One4 Capital, Boldcap VC, Dynamis Ventures, Atrium Angels 3One4 Capital, Boldcap VC
10 Oct 2024 Datazip Enterprisetech Horizontal SaaS B2B $1 Mn Seed Equirus InnovateX Fund Equirus InnovateX Fund
4 Oct 2024 Holiday Tribe Travel Tech Travel Planning & Activities B2C $642K Seed Powerhouse Ventures, GSF, Dinesh Agarwal, Dinesh Gulati, Murugavel Janakiraman, Gaurav Kapur Powerhouse Ventures, GSF
10 Oct 2024 Onlygood.ai Cleantech Climate Tech B2B $475K Seed IITMIC, Goel Group, DICV
9 Oct 2024 iRasus Technologies Cleantech Electric Vehicle B2B $475K Seed IAN Group, DFAN IAN Group
10 Oct 2024 flutrr Media & Entertainment Social Media & Chat B2C $446K Zee Media Corporation Zee Media Corporation
10 Oct 2024 Social Hardware Deeptech Robotics Process Automation (RPA) B2B $381K Seed Inflection Point Ventures, Ivyleague Ventures, Soonicorn Ventures Inflection Point Ventures
9 Oct 2024 Deftouch Media & Entertainment Gaming B2C KRAFTON, T-accelerate Capital, Lumikai, Visceral Capital, Play Venture KRAFTON, T-accelerate Capital, Lumikai
8 Oct 2024 Jivi AI Healthtech Personal Health Management B2C Andrew Ng Andrew Ng
Source: Inc42
*Part of a larger round
Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

  • Artificial intelligence (AI)-based robotics startup Haber bagged the biggest cheque this week, securing $38 Mn (INR 317 Cr) by issuing Series C CCPS to venture capitalist (VC) firms Accel India, Beenext Capital, and Creaegis.
  • On the back of Haber’s funding round, deeptech toppled enterprise tech to emerge as the investor favourite sector this week. Deeptech startups raised $45.4 Mn across three deals this week.
  • However, enterprise tech saw the most number of deals materialise this week. Startups in the sector raised $7.2 Mn across four deals this week. Trailing it were deeptech and cleantech, with both the sectors seeing a similar number of three deals.
  • Beenext and Lumikai emerged as the most active investors this week, backing two startups apiece. While Beenext invested in Haber and Nayan Tech, Lumikai backed Framer AI and Deftouch.
  • Seed funding picked up this week to $17.8 Mn from $1.9 Mn last week.

From Haber To Urja Mobility – Indian Startups Raised $114 Mn This WeekFrom Haber To Urja Mobility – Indian Startups Raised $114 Mn This Week

Fund Launches This Week

Updates On Indian Startup IPOs

Other Developments Of The Week





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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.

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Indian Startup Funding — Startups Raised $114 Mn This Week


SUMMARY

Indian startups cumulatively raised $114 Mn across 22 deals, a 32% increase from $86.4 Mn raised across 16 deals last week

Deeptech emerged as the investor favourite sector this week on the back of Haber’s $38 Mn fundraise

Seed funding picked up this week to $17.8 Mn from $1.9 Mn last week

After a significant drop in funding trends leading into the month of October, investor sentiment picked up slightly in the second week of the month. Indian startups raised $114 Mn via 22 deals during October 7-12, up 32% from $86.4 Mn raised last week across 16 deals. 

This was the second week when no mega funding rounds materialised. This came after a quarter filled with heightened funding interest. In the third quarter of calendar year 2024, Indian startup funding doubled year-on-year to $3.4 Bn from $1.7 Bn in the same period last year. Late-stage investments surged 115% to surpass the $2.1 Bn mark in the September quarter this year from $984 Mn in Q3 2023. 

Funding Galore: Indian Startup Funding This Week [Oct  7-12]

Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor
10 Oct 2024 Haber Deeptech Robotics Process Automation (RPA) B2B $38 Mn Accel India, Beenext Capital, Creaegis
9 Oct 2024 Spry Therapeutics Healthtech Healthcare SaaS B2B $15 Mn Flourish Ventures, Together Fund, Fidelity’s Eight Road Ventures, F Prime Capital Flourish Ventures
10 Oct 2024 Millenium Babycares Ecommerce D2C B2C $14.5 Mn Pantamoth Capital Pantamoth Capital
9 Oct 2024 Urja Mobility Cleantech Electric Vehicle B2B $12 Mn pre-Series A Mufin Green Finance Limited, Hindon Mercantile Limited Mufin Green Finance Limited, Hindon Mercantile Limited
7 Oct 2024 XDLINK Deeptech Spacetech B2B $7 Mn Seed Ashish Kacholia, E2MC, Mana Ventures Ashish Kacholia
9 Oct 2024 BioPrime Agritech Farm Inputs B2B $6 Mn Series A Edaphon, Omnivore, Inflexor Edaphon
8 Oct 2024 Dezy Healthtech Telemedicine B2C $6 Mn Alpha Wave, Chiratae Ventures, Peak XV
9 Oct 2024 Swara Fincare Fintech Lendingtech B2B $2.3 Mn Series A Unitus Capital, Piper Serica, Dev Verma, Mukund Madhav, Sumit Ranjan Unitus Capital
9 Oct 2024 Figr Enterprisetech Horizontal SaaS B2B $2.2 Mn Seed Kalaari Capital, Antler, Golden Sparrow Kalaari Capital
9 Oct 2024 LearnTube Edtech Skill Development B2C $2 Mn Seed Blitzscaling Ventures, Goodwater Capital, Bisk Ventures, ACT
7 Oct 2024 Framer AI Enterprisetech Horizontal SaaS B2B $2 Mn Seed Lumikai Lumikai
7 Oct 2024 Nayan Tech Enterprisetech Horizontal SaaS B2B $2 Mn pre-Series A BEENEXT, We Founder Circle, Venture Catalysts, LetsVenture, FAAD Capital BEENEXT
9 Oct 2024 ZenStatement Fintech Fintech SaaS B2B $1.6 Mn Seed 3One4 Capital, Boldcap VC, Dynamis Ventures, Atrium Angels 3One4 Capital, Boldcap VC
10 Oct 2024 Datazip Enterprisetech Horizontal SaaS B2B $1 Mn Seed Equirus InnovateX Fund Equirus InnovateX Fund
4 Oct 2024 Holiday Tribe Travel Tech Travel Planning & Activities B2C $642K Seed Powerhouse Ventures, GSF, Dinesh Agarwal, Dinesh Gulati, Murugavel Janakiraman, Gaurav Kapur Powerhouse Ventures, GSF
10 Oct 2024 Onlygood.ai Cleantech Climate Tech B2B $475K Seed IITMIC, Goel Group, DICV
9 Oct 2024 iRasus Technologies Cleantech Electric Vehicle B2B $475K Seed IAN Group, DFAN IAN Group
10 Oct 2024 flutrr Media & Entertainment Social Media & Chat B2C $446K Zee Media Corporation Zee Media Corporation
10 Oct 2024 Social Hardware Deeptech Robotics Process Automation (RPA) B2B $381K Seed Inflection Point Ventures, Ivyleague Ventures, Soonicorn Ventures Inflection Point Ventures
9 Oct 2024 Deftouch Media & Entertainment Gaming B2C KRAFTON, T-accelerate Capital, Lumikai, Visceral Capital, Play Venture KRAFTON, T-accelerate Capital, Lumikai
8 Oct 2024 Jivi AI Healthtech Personal Health Management B2C Andrew Ng Andrew Ng
Source: Inc42
*Part of a larger round
Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

  • Artificial intelligence (AI)-based robotics startup Haber bagged the biggest cheque this week, securing $38 Mn (INR 317 Cr) by issuing Series C CCPS to venture capitalist (VC) firms Accel India, Beenext Capital, and Creaegis.
  • On the back of Haber’s funding round, deeptech toppled enterprise tech to emerge as the investor favourite sector this week. Deeptech startups raised $45.4 Mn across three deals this week.
  • However, enterprise tech saw the most number of deals materialise this week. Startups in the sector raised $7.2 Mn across four deals this week. Trailing it were deeptech and cleantech, with both the sectors seeing a similar number of three deals.
  • Beenext and Lumikai emerged as the most active investors this week, backing two startups apiece. While Beenext invested in Haber and Nayan Tech, Lumikai backed Framer AI and Deftouch.
  • Seed funding picked up this week to $17.8 Mn from $1.9 Mn last week.

From Haber To Urja Mobility – Indian Startups Raised $114 Mn This WeekFrom Haber To Urja Mobility – Indian Startups Raised $114 Mn This Week

Fund Launches This Week

Updates On Indian Startup IPOs

Other Developments Of The Week





Source link

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.

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