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Indian startups secured more than $470 million in funding between September 16 and September 21, 2024, with PhysicsWallah leading the pack.

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Updated: Sep 23, 2024




Between September 16 and 21, 2024, over 24 startups across various sectors secured more than $470 million in funding. These sectors spanned Edtech, Fintech, NBFC, SaaS, Dating, Traveltech, Wellness, Healthcare, Food, and Infrastructure. The previous week, Indian startups raised more than $227 million, with consumer tech unicorn InMobi receiving $100 million alone.

While merger and acquisition deals generally keep financial details private, these funding rounds shed light on the sectors gaining investor attention. Edtech led the way, with PhysicsWallah securing $210 million in a Series B round. Fintech company M2P Fintech raised $50 million. Additionally, Redcliffe Labs (diagnostics), iBUS Network (digital infrastructure), and Everest Fleet (fleet operations) collectively raised $106 million—$42 million, $34 million, and $30 million, respectively.

Among emerging startups, BookMyBai, which provides domestic help services, raised the smallest amount at $240,000 in a pre-Series A round. TechJockey, a software marketplace, followed with $880,000. Alpino, which appeared on Shark Tank India, raised $1.2 million. FinOps automation startup Bluecopa secured $1.8 million in pre-Series A funding.

Schmooze, a meme-based dating platform, raised $4 million in Series A funding, while hospitality startup ELIVAAS secured $5 million. SaaS-enabled marketplace NowPurchase raised $6 million in a combination of debt and equity, and Traveltech startup Trip Cabinet raised $6.5 million. Wellness startup The Wellness Co raised $7.18 million, and AI-powered recruitment platform Vahan.ai raised $10 million in a Series B round.

Fintech startup kaleidofin raised $13.8 million, and hyperlocal news platform Way2News secured $14 million in Series B funding. Aye Finance, an NBFC, raised $30 million in a Series G round.

Other companies, such as Industries 5.0 startup Venttup, hot condiment brand Kaatil, luxury oral beauty brand Salt Oral Care, event tech startup Ticket9, and TraqCheck, kept their funding amounts undisclosed.

In mergers and acquisitions, OYO acquired G6 Hospitality (Motel 6’s parent) for Rs 4,400 crore. Wondrlab, a martech network, bought influencer marketing platform OPA, while Veefin, a fintech firm, acquired a 26% stake in EpikIndifi. Stockal, a global investment platform, acquired Acru, an NRI-focused investment infrastructure startup, and agritech startup Marsh Harrier purchased computer vision company AJA Vision Technologies.


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