Between August 26 and August 31, 2024, as many as 27 startups from various sectors raised more than $485 million in funds of investors.
These sectors include fast-paced retail, agritech, fintech, edtech, healthcare, women’s tech, biotech, SaaS, QSR, and insurance tech.
Last week, Indian startups raised over $114 million in funding, with watertech company Livpure raising over $28 million on its own.
Unlike M&A deals, which typically do not disclose financial information, these funding rounds offer insight into sectors that are increasingly attracting investor interest.
High value offers
A wide range of sectors attracted investments during the week, with the fast-trade sector leading the way. The leading sector was Zeptowhich raised $340 million in funding. Specialty coffee and bakery brands Tokai blue raised $35 million in a Series C funding round.
The list was followed by fintech startup Yubi, agritech startup AGRIM and after-sales services company Servify, which together raised $57.3 million.
Yubi raised $30 million, AGRIM raised $17.3 million and Servify raised $10 million in debt.
Startups
Start storing user data Medront raised the smallest amount, securing $120,000 in a pre-seed funding round. It was followed by insurtech startup Padosi Insurance and Edtech startup ODA Classwhere the two raised $500,000 in funding.
The leading brand of luxury student residences The Hive Hostels raised $1.37 million in a pre-IPO round. Biotech startup Cambrian Bioworks raised $1.45 million in a seed funding round. Female tech startup Laiqa Wellness and Healthtech startup Sunfox Technologies Both raised $1.78 million, in a seed round and a pre-Series A round, respectively.
New Deep Tech Company Deep matrix raised $1.6 million in a pre-Series A funding round, followed by Fintech startup plutos ONEwhich raised $2 million in a seed funding round.
Fast food chain 99 Pancakes raised $2.4 million in a Series A funding round. Robotics startup Miko raised $2.44 million in funding. Edtech startup Kreedo Early Childhood Solutions raised $4 million in a Series A funding round. The SaaS startup Finarekin Analytics raised $4.75 million in a pre-Series A funding round.
Energy startup Clean Electric raised $6 million in funding. The artificial intelligence startup accept raised $6.5 million in a Series A funding round. The real estate startup Eazy House raised $7 million in a Series A funding round. Beauty and personal care startup Pilgrim raised $9 million in a Series B funding round.
Meanwhile, the food technology specialty AnticsOrganic dog food brand Flaming tailOneMoney account aggregation platform and men’s lifestyle brand Metaman kept the funding figures secret.
Mergers and Acquisitions Highlights
The period also witnessed strategic mergers and acquisitions. FMCG company GRM Overseas has acquired a 44% stake in Swmabhan Commerce Pvt Ltd, the parent company of digital coffee brand Rage Coffee.
VerSe Innovation, the parent company of online news aggregator DailyHunt and short video platform Josh, has acquired digital marketing solutions company Valueleaf Group.
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