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From June 10 to June 15, 2024, Indian startups secured more than $312 million in funding, with Battery Smart leading the list.




Between June 10 and June 15, 2024, 27 startups from various sectors collectively raised over $312 million in investor funding. The sectors represented included Wdtech, NBFC, AI, healthcare, fintech, consumer electronics, EV, DeFi, skincare, insurtech, manufacturing, and agriculture.

From June 3 to June 8, 14 Indian startups secured over $135 million in funding, with notable contributions from Fibe, which raised $90 million. Lendingkart, Astrotalk, Country Delight, and Testsigma also attracted significant investments of $13 million, $9.5 million, $9 million, and $8.2 million, respectively. Unlike merger and acquisition deals, which typically do not disclose financial details, these funding rounds highlight sectors that are gaining increased investor interest.

Among high-value deals, Battery Tech was the leading sector, spearheaded by Gurugram-based Battery Smart, which raised $65 million in a Series B round, including $45 million in primary funding. Sabine Hospital and Research Centre raised $50 million from CX Partners and a consortium of investors. Other significant investments included Candi Solar ($38 million), Indkal Technologies ($36 million), and Foxtale ($18 million), totaling $92 million.

Emerging startups also gained traction with investors. Healthtech startup C3 Med-Tech secured $240,000, rental marketplace Hour4u garnered $420,000, and AI startup rampp.ai raised $500,000 in an angel round. Additional investments included Creme Castle ($700,000), Sova Health ($1 million), Qiro Finance ($1.2 million), Finsall ($1.8 million), and Palette Brands ($2 million).

Skye Air and Swaayatt Robots each raised $4 million, while JCB Salons India secured $4.78 million. Trampoline and Indigrid Technology each raised $5 million. NBFC firm Artha Finance closed a Series B round with $5.98 million. Hocco, Smartworks, and RENEE Cosmetics each raised $12 million. Ethereal Machines attracted $13 million in a Series A round.

In debt funding, fintech firm CredAble raised approximately $3.59 million from SIDBI, and agri firm Samunnati raised about $15.941 million from Blue Earth Capital for climate adaptation and sustainability projects for small farmers.

Additionally, Clapingo kept its funding amount confidential, while Innoviti Technologies initiated the second close of its Series E round with Rs 75 crore from Alumni Ventures, expecting additional investors by June end.

Mergers and acquisitions included Nazara Technologies’ subsidiary NODWIN Gaming International acquiring Ninja Global FZCO for $3.57 million, and 360 One Wealth and Asset Management acquiring ET Money for Rs 365.8 crore.













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