Funding momentum across India’s startup ecosystem gained steam after a marginal dip. Between January 22 and 27, startups have collectively raised $170 Mn across 13 deals, which is 25% higher than $136 Mn across 21 deals raised in the previous week.
Interestingly, the week also saw Ola cofounder Bhavish Aggarwal’s third venture – Krutrim raising $50 Mn to become India’s first AI unicorn and 113th in the country’s startup list with a valuation of more than a billion dollars.
Funding Galore: Indian Startup Funding Of The Week [Jan 22 – Jan 27]
Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor
24 Jan 2024
Vivifi
Fintech
Lendingtech
B2C
$75 Mn
Series B
–
26 Jan 2024
Krutrim
Enterprisetech
Horizontal SaaS
B2B
$50 Mn
–
Matrix Partners India
22 Jan 2024
Namdev Finvest
Fintech
Lendingtech
B2B
$15 Mn
Series B
British International Investment, LC Nueva AIF
24 Jan 2024
Infra.Market
Ecommerce
B2B Ecommerce
B2B
$12 Mn
Debt
SK Finance Ltd
25 Jan 2024
Newme
Ecommerce
D2C
B2C
$5.4 Mn
–
Fireside Ventures, AUM Ventures, 2AM Ventures, Alin Capital
Fireside Ventures
23 Jan 2024
RagaAI
Enterprisetech
Horizontal SaaS
B2B
$4.7 Mn
Seed
pi Ventures, Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures, Exfinity Venture Partners
pi Ventures
23 Jan 2024
STAN
Media & Entertainment
Social Media & Chat
B2C
$2.7 Mn
Pre-Series A
Aptos Labs, Maelstrom Fund, Pix Capital, GFR Fund, General Catalyst
24 Jan 2024
Flaer
Consumer Services
Hyperlocal Services
B2C
$2.5 Mn
Seed
Singularity Ventures, Family Office Of Manish Choski
24 Jan 2024
Fixerra
Fintech
Investment Tech
B2C
$1.68 Mn
Seed
Jaideep Hansraj, Shailesh Haribhakti, Oisharya Das, Shivang Desai
24 Jan 2024
Earthful
Ecommerce
D2C
B2C
$400K
Seed
Green Ivy Ventures, Abhishek Goyal, Jayant Paleti, Brij Bhushan
22 Jan 2024
Healspan
Healthtech
Healthcare SaaS
B2B
$144K
–
PedalStart
PedalStart
23 Jan 2024
Analytics Jobs
Edtech
Skill Development
B2C
–
Seed
Janardan Tiwari,
25 Jan 2024
Bookingjini
Travel Tech
Travel Tech SaaS
B2B
–
Pre-Series A
IPV
Source: Inc42
*Part of a larger round
Note: Only disclosed funding rounds have been included
Key Startup Funding Highlights Of The Week
Hyderabad-based NBFC Vivifi India Finance Pvt Ltd secured $75 Mn, making the biggest funding round of this week.
Fuelled by Vivifi’s funding, fintech emerged as the most funded sector this week.
The fintech sector and ecommerce reported a maximum of three deals this week. While the fintech sector raised $91.6 Mn, the ecommerce sector managed to bag $17.8 Mn.
This week, seed funding rose to $9.2 Mn across five deals.
Startup Acquisitions This Week
Publicly listed gaming company Nazaar Games’ subsidiary NODWIN Gaming has acquired 100% stakes in Comic Con India for INR 55 Cr ($6 Mn) in a cash and stock deal.
MakeMyTrip acquired a majority stake in intercity cab service provider Savaari Car Rentals to expand its offerings.
Other Major Developments From This Week
IPO-bound OYO in talks to raise $400 Mn in funding from Malaysia’s sovereign fund Khazanah Nasional Berhad at a downround of $6 Bn.
Orios Venture Partners has returned INR 300 Cr to its Fund I investors.
SaaS startup Perfios is eyeing to raise $500 Mn (INR 4,156 Cr) through initial public offering (IPO) at a $2Bn valuation.
WeWork India launched a new programme under its WeWork Labs initiative – JumpStart that will help in facilitating fundraise.
Vijay Kedia-backed TAC Infosec Limited has filed its draft red herring prospectus (DRHP) to list on the NSE’s small and medium enterprises (SME) focussed platform NSE Emerge.
Fintechs startup Equirus rolled out an early-stage fund – Equirus InnovateX Fund to invest in tech startups. The fund intends to raise $25 Mn
The post From Vivifi To Krutrim — Indian Startups Raised $170 Mn This Week appeared first on Inc42 Media.
