Here are the fundings of the week.
In the second week of August 2024, Indian startups collectively raised around $177.68 million in funding. The deals include 8 growth-stage investments and 19 early-stage rounds, with 2 early-stage startups choosing to keep their funding details undisclosed. This follows the previous week’s impressive $334 million raised by 32 startups across similar stages.
🔰Growth-stage deals🔰
This week’s growth-stage deals saw 8 startups securing $104.8 million in total. Key highlights include:
Visit Health: The telehealth and wellness platform raised $30 million in a combination of primary funding and a secondary stake purchase from Docprime Technologies.
Neo: The wealth and asset management company secured $26.5 million in a Series B round led by Crystal Investment.
ShareChat: The vernacular social media platform expanded its debt round to $65 million with an additional $16 million infusion from Singapore-based EDBI.
Country Delight: The D2C dairy and daily essentials brand raised $8.45 million in debt funding from Alteria Capital.
ShopDeck: The e-commerce solution provider, under Blitzscale Technology, closed a $7.85 million Series B funding round.
🔰Early-Stage deals🔰
In the early-stage segment, 19 startups raised a total of $9.8 million. Notable early-stage deals include:
Agrizy: The B2B agri-processing platform raised $9.8 million in Series A funding co-led by Accion and Omnivore.
Scimplify: The specialty chemicals sourcing and manufacturing platform secured $9.5 million in Series A funding led by Omnivore.
Kindlife: Beauty platform Kindlife, co-founded by Radhika Ghai, raised $8 million from South Korean private equity firm JB-Dooeun TK Fund and Japanese venture capital firm Mixi Global Investments.
Punch: The stock broking platform received $7 million in seed funding from Stellaris Venture Partners, Susquehanna Asia VC, and Prime Venture Partners.
Metadome.ai: The extended reality (XR) startup raised $6.5 million in a funding round led by Siana Capital and existing investor Chiratae Ventures.
Two startups, IppoPay and FlexiBees, did not disclose their funding amounts.
City and Segment Insights🔰
Bengaluru emerged as the leading city with the highest number of funding deals, recording 11 deals this week. This was followed by Delhi-NCR, Mumbai, Chennai, Pune, Udaipur, and Chandigarh, reflecting a broad geographic spread of funding activity.
