
Between August 19 and August 24, 2024, 16 startups from various sectors secured over $114 million in funding. These sectors include D2C, AI, SaaS, B2B, Manufacturing Tech, Lending, Watertech, and Fintech. The previous week saw Indian startups raise more than $377 million, with OYO alone accounting for $175 million of that total. Unlike mergers and acquisitions, which often keep financial details undisclosed, these funding rounds offer insights into sectors gaining investor attention, with Watertech emerging as a leading area of interest. Livpure led this sector by raising $28 million. Hangyo Ice Cream, a South Indian ice cream brand, secured $25 million in funding. Following them were Lending firm Axio, AI-driven equity investment platform InvestorAi, and D2C luggage brand Uppercase, which together raised $19 million—Axio raised $20 million, InvestorAi raised $10 million, and Uppercase raised $9 million.
The smallest funding round was by SaaS startup ACadru, which received $500,000. B2B startup Revrag followed closely, raising $600,000 in a pre-Seed round. AI-powered virtual try-on platform Dopplr secured $750,000, and AI optimization startup LLUMO AI raised $1 million in a Seed round. Manufacturing tech startup Fabrication Bazar raised $3 million in a pre-Series A round, while Lending startup LoanKuber secured $3.5 million in a pre-Series B round. Fintech startup TransBnk raised $4 million in a Series A round, and spice startup Zoff secured $4.7 million. Legends League Cricket, featuring senior cricketers, raised $4.65 million. Dronetech startup NxtQube and PadelPark India kept their funding details confidential. In addition to these funding rounds, Gurugram-based D2C meat brand Zappfresh acquired Mumbai-based Bonsaro, a company specializing in online delivery of poultry, goat, and seafood.
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