The funding landscape for Indian startup ecosystem remained consistent this week, logging a collective raise of $62 Mn across 19 deals.
This reflects a marginal uptick from the previous week’s total funding of $61 Mn raised across ten funding deals.
Funding Galore: Indian Startup Funding Of The Week [Nov 27 – Dec 2]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
27 Nov 2023
EMotorad
Cleantech
Electric Vehicle
B2C
$20 Mn
Series B
Panthera Growth Partners, Alteria Capital, xto 10x Technologies, Green Frontier Capital
Panthera Growth Partners
28 Nov 2023
PhiCommerce
Fintech
Payments
B2B-B2C
$10 Mn
Series A1
BEENEXT, Opus Ventures
BEENEXT
28 Nov 2023
Innovist
Ecommerce
D2C
B2C
$7 Mn
Series A
Amazon Smbhav Venture Fund, 72 Ventures, family office of Nykaa founder Falguni Nayar and former KKR India head Sanjay Nayar, Accel India, Sauce.vc
Amazon Smbhav Venture Fund
27 Nov 2023
GrowXCD
Fintech
Lendingtech
B2B
$6 Mn
Series A
Lok Capital
Lok Capital
1 Dec 2023
Radiohead Brands
Ecommerce
D2C
B2C
$4.2 Mn
Pre-Series A
Prath Ventures, Capital Ventures, Illeyrium Ventures, Neel Bahl, Sandeep Agarwal
Prath Ventures
1 Dec 2023
Zyla Health
Healthtech
Healthcare SaaS
B2B-B2C
$4 Mn
Series A
Exfinity Venture Partners, Sony Innovation Fund, Venture Catalysts, Aureolis Ventures
Exfinity Venture Partners
27 Nov 2023
Elivaas
Travel Tech
Accomodation
B2C
$2.5 Mn
–
Peak XV’s Surge, Naveen Kukreja of Paisabazaar, Kunal Shah of CRED, Mohit Gupta of Zomato, Amit Lakhotia of Park+, Ravi Singhvi (Ares Asia), Anant Apurv Kumar (Brij Hotels), Parag Aggarwal of Gobolt and Toranj Mehta of De beers
Peak XV’s Surge
30 Nov 2023
ShipGlobal
Logistics
Ecommerce Logistics
B2B
$2.5 Mn
Seed
Info Edge Ventures
27 Nov 2023
Frendy
Ecommerce
B2C Ecommerce
B2B-B2C
$2 Mn
Bridge
Desai Ventures, Auxano Capital, AT Capital Singapore, Metara Ventures, Priya Joseph, Rohain Jain and Rishabh Jain of The Wellness Co., Apurva Salarpuria family office
30 Nov 2023
Twyn
Enterprisetech
Horizontal SaaS
B2B
$1.25 Mn
Pre-Series A
JITO Incubation & Innovaton Foundation, HEM Angels, Bestvantage, Beej Network
JITO Incubation & Innovation Foundation
28 Nov 2023
HempStreet
Healthtech
Fitness & Wellness
B2C
$1 Mn
Pre-Series A
Carl Waahlin of Waahlin holdings, Andre Rodrigues of TK 88 Holdings, HempStreet founder and CEO Abhishek Mohan
Carl Waahlin of Waahlin Holdings
30 Nov 2023
Onedios
Consumer Services
Hyperlocal Services
B2C
$720K
Bridge
IPV, Vcats
IPV
29 Nov 2023
Suind
Deeptech
Dronetech
B2B
$600K
Seed
Sunicon Ventures
28 Nov 2023
SustVest
Fintech
Investment Tech
B2C
$250K
–
WEH Ventures
WEH Ventures
30 Nov 2023
PatilKaki
Consumer Services
Hyperlocal Delivery
B2C
–
–
Cap70 Angels, Angelorajesh Athaide, chairman of St. Angelo’s VNCT Ventures, founder of Asian Markets Securities, Kailash Biyani
Cap70 Angels
27 Nov 2023
Stage
Media & Entertainment
OTT
B2C
–
–
Neeraj Chopra
28 Nov 2023
Woovly
Ecommerce
Social Commerce
B2C
–
–
Sony Innovation Fund, SOSV, RTAF, ViNners
1 Dec 2023
MoEving
Cleantech
Electric Vehicle
B2B-B2C
–
–
StrideOne
1 Dec 2023
Bitsila
Ecommerce
B2B Ecommerce
B2B
–
Seed
Antler, Phanindra Sama
Key Startup Funding Highlights Of The Week
EV startup EMotorad raised $20 Mn funding from Panthera Growth Partners, making it the biggest funding deal of the week.
Fuelled by EMotorad’s funding, the cleantech sector emerged as the most funded space this week, raising $20 Mn across two deals.
The ecommerce sector saw the highest deal count, with five transactions sealing $13.2 Mn.
This week, the Indian startup landscape recorded seed funding worth $3.1 Mn across three deals.
Sony Innovation Fund was the busiest investor this week as it participated in two deals.
Other Major Developments From This Week
Ananya Birla-led Svatantra Microfin Pvt Ltd concluded the acquisition of Sachin Bansal-backed fintech startup Navi’s subsidiary Chaitanya India Fin Credit Pvt Ltd.
Google is likely to double down on AI startup Corover with another investment worth $4 Mn.
Public listed startup MapmyIndia is eyeing to raise up to INR 500 Cr by issuing equity shares through a qualified institutional placement (QIP).
Financial services firm Pantomath Financial Services Group marked the final close of its pre-IPO fund, India Inflection Opportunity Fund (IIOF), at INR 500 Cr ($60 Mn).
Singapore’s Lighthouse Canton announced the final closure of LC Nueva AIF, a scheme of Luminere Investment Trust, at INR 350 Cr.
Two years after shelving its IPO plans, fintech unicorn MobiKwik intends to hit the public bourses.
The post From EMotorad To PhiCommerce — Indian Startups Raised $62 Mn This Week appeared first on Inc42 Media.
