Between August 05 and August 10, 2024, as many as 18 startups from diverse sectors raised nearly $99 million in funding from investors.
These sectors include Agritech, Fintech, Beauty, Healthtech, Jewellery, Ecommerce, SaaS, and EV.
Last week, Indian startups raised over $401 million in funding, with Bengaluru-based ride-hailing startup Rapido raising $120 million alone.
Unlike merger and acquisition deals, which typically do not disclose financials, these funding rounds provide a glimpse into the sectors attracting growing investor interest.
High-value deals
A diverse range of sectors attracted investments during the week, with ride-hailing leading the pack. Leading this sector was healthtech startup Visit Health, which raised over Rs 250 crore or $30 million in funding. Agritech startup Agrizy raised $9.8 million in a Series A round.
The list was followed by Specialty chemical manufacturing startup Scimplify, Diary startup Country Delight, and Beauty startup Kindlife.in, which collectively raised $25.8 million.
Scimplify raised $9.5 million, Country Delight raised $8.3 million, and Kindlife.in raised $8 million.
Emerging startups
SaaS startup NuvoRetail raised the smallest amount, securing $350,000 in funding. This was followed by Food startup CURRYIT, which raised $530,000.
Gaming startup Oneiric11 Gaming raised $1 million in a pre-Series A round, fintech startup FINQY raised $2 million, and dating startup Juleo raised $2.5 million in funding.
Electric vehicle batteries manufacturer Neuron Energy raised $2.38 million in a Series A funding round. Jewellery startup Aukera Jewellery raised $3.2 million in a Series A round. Extended Reality (XR) startup Metadome.ai raised $6.5 million in a Series A round.
Stock-broking platform Punch raised $7 million in a Seed round. ShopDeck parent Blitzscale Technology raised $7.85 million in a Series B funding round.
Meanwhile, Fintech startup IppoPay, Talent marketplace FlexiBees, and Workforce solutions provider Weavings Manpower Solutions kept the funding figures under wraps.
Merger and acquisition highlights
The period also witnesses strategic mergers and acquisitions. Mumbai-based Nazara acquired UK-based Fusebox Games, Instawork acquired jobtech startup Able Jobs, Nazara subsidiary Absolute Sports acquired assets of DeltiasGaming.com, and D2C ethnic fashion brand Shobitam acquired Isadoralife, a ready-to-wear saree company.
Additionally, New Delhi-based EV charger maker Exicom Tele-systems subsidiary Exicom Power Solutions B.V. Netherlands and other step-down subsidiaries entered into a definitive agreement to acquire business and assets of Tritium group of companies, a global leader in DC Fast Chargers.
