Indian Startup Weekly Report August 2024 Week #2

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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.

TBC STARTUP WEEKLY REPORT - August WEEK #1 (5)

Indian Startup Weekly Report August 2024 Week #1

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Here are the fundings of the week.
In the first week of August 2024, Indian startups collectively raised around $341 million across 32 deals. This includes 6 growth-stage and 22 early-stage deals, with 4 early-stage startups choosing not to disclose their funding amounts. Compared to the previous week, which saw $113.39 million raised by 22 startups, this week’s funding highlights significant growth in investment activity.

🔰Growth-stage deals🔰
Six startups led the growth-stage funding, raising a total of $216.8 million:

  1. Rapido: The mobility startup Rapido became the latest unicorn, securing $120 million in a Series E round led by WestBridge Capital.
  2. Navi: The fintech firm Navi, headed by Flipkart co-founder Sachin Bansal, raised $38 million from JP Morgan for its lending arm, Navi Finserv.
  3. Clix Capital: This NBFC raised $26.3 million (₹220 crore) in a funding round led by Apollo Global Management, Pramod Bhasin, and Anil Chawla.
  4. Vayana Network: The trade financing startup secured $20.5 million in its Series D funding round.
  5. BharatPe: The fintech company raised $10 million in debt financing from Trifecta and InnoVen.
  6. Khelo More: The sportstech company received $2 million in funding led by Rajdip Gupta of Clear Bridge Ventures and Ashwin Damera, co-founder of Eruditus.

🔰Early-Stage deals🔰
The early-stage segment saw 22 startups raising $124.24 million:

  • BluPine: A leading renewable energy services company.
  • Simple Energy: An EV startup that previously raised over $20 million in an ongoing Bridge round in February 2024.
  • Kinetic Green: An electric vehicle manufacturer.
  • Meragi: A wedding services platform, secured $9.1 million in a round led by Accel.
  • Scimplify: A platform specializing in the sourcing and manufacturing of specialty chemicals.

Undisclosed Funding
Four early-stage startups—BoldFit, Game Theory, Cogniquest, and Vitra.ai—chose not to disclose their funding amounts.

Sector Highlights

  • Renewable Energy: BluPine continues to attract significant investor interest, with the sector raising over $919 million across 19 rounds.
  • EV Startups: Simple Energy and Kinetic Green are at the forefront of India’s transition to electric vehicles, reflecting growing investor confidence in sustainable mobility.
  • Fintech: Companies like Navi and BharatPe demonstrate the ongoing innovation and investment in India’s fintech landscape.


The first week of August showcased a strong start to the month, with substantial funding across various sectors, particularly in growth-stage companies. The increasing investments in renewable energy, electric vehicles, and fintech are indicative of broader trends shaping India’s startup ecosystem.

This momentum is likely to continue as more startups and investors capitalize on the growing opportunities within the Indian market.

🚀The Builders Club Congratulates and wishes all the Founders🎉🎉

TBC Road To Summit Hyderabad brings the best Startup founders

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The 4th event in the Road to Summit Series comes to an end with an amazing Panel of Rahul, Manikya , and Ravi Teja. 💥Rahul talked about his journey of building Unschool and gave insights about how to pivot along the journey of building sustainable startups. He also talked about his achievements as a TEDx speaker and Forbes Asia 30 Under 30 ’24 honoree. 💥 Manikya talked about how to focus on one niche and go deeper. As a partner at Step Function, he shared how he helping new investors navigate the angel asset class and increasing their chances of finding the next big winner. 💥 Ravi talked about how his firms add value to the early stages of a startup’s journey and shared stories from his portfolio companies. Ravi shared wealth of knowledge and experience. A huge shout out to Dr Sunil Joshi for moderating the panel and deriving some amazing insights for the guests. Special thanks to all the attendees who made it despite the rain. ———————————————-

🚀The Great Indian Startup Summit is just round the corner. have you booked your passes yet? https://thegreatindianstartupsummit.com/

____________
🌟Rahul Varma – Co-founder and CEO – Unschool
🌟Manikya Saiteja – Partner – Step Function
🌟Ravi Teja Gupta – Founder – Guptaji invests
🌟Dr Sunil Joshi

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TBC Partners with WebEngage!

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The Builders Club is super excited to be partnering with the WebEngage Startup Program to bring you their flagship Startup Demo Day 2023, where 12 finalists will pitch their groundbreaking startups to a panel of 5 leading VCs. It’s YOUR stage, whether it’s your first round or the next big leap.

Register & Submit your pitch by 20th November: https://bit.ly/47h90H5

Register here

Why be part of the buzz?

💰 Exciting Cash Prizes

🌱 Funding opportunities

🤝 Exclusive VC connects

📸 Media recognition

Agenda of the evening:

Pitch your startup in just 7 minutes, get the real-time feedback from our esteemed VC panel, and enjoy networking with fellow founders over dinner and drinks.

Special Perks

Winners snag not only cash rewards but also exclusive credits worth USD 25,000 from WebEngage and its partners.

Save the date:

  • 📅 9 Dec, 2023 (Saturday)
  • 🕓 4 pm onwards
  • 📍 Bangalore (Venue details coming soon)
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TBC Partners with Wework for Jumpstart ’24!

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proud to be Ecosystem Partners with WeWork Labs for Jumpstart 2024 –India’s biggest value-driven startup event!


Jumpstart is a value-driven event nurtured from WeWork Labs’ accelerator DNA, equipping founders with everything they need to successfully launch and scale their startups. 

At Jumpstart, founders unlock: 

🤝 1:1 investor connects,
🌟 1:1 product reviews,
💰 $1M+ credits,
💼 $200k pre-seed capital & lot more.

TBC Members get extra perks!
✨ Special Discount code for all Attendees: Use CODE WEWORKLABS X THEBUILDERSCLUB  to get a special 20% off on all tickets – https://bit.ly/tbcweworkjumpstart

✨ Special Discounts on Exhibition stalls! – Inquire here: https://bit.ly/tbcweworkshowcase


🚀 Don’t miss this opportunity to showcase your brand, connect with industry leaders, and be a part of the startup revolution at Jumpstart 2024!

📅 Save the date: 20th & 21st Jan 2024

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TBC Investopad Bangalore | Feb 21st| LIMITED SLOTS

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THE BANGALORE EDITION OF INVESTOPAD IS HERE! 🔥🔥

✅ 21st Feb! Details below.. 👇👇

https://bit.ly/tbcinvestopad

Like the last time, we have some great names from the investor ecosystem joining us:

✅ Deepak Agrawal – The name behind Dexter Capital

✅ Shivika Sethi – The brains behind Venture Catalysts

✅ Shreya Bhatnagar – The investment maestro in Anthill Ventures

✅ Amar A Ummat – the money man in Recur Club

✅ Shubham Jhuria – curator of Aeravti Ventures

✅ Anurag Agrawal – The Bangalore face of Misfits

and many more!

⏰ 21st Feb, 7:30PM Onwards

📍 Bengaluru ( Exact location on approval)

🔒 EXTREMELY LIMITED SLOTS!

📋 Register now.

https://bit.ly/tbcinvestopad

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TBC INVESTOPAD FINALE: MUMBAI | 13th MARCH

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Hello Fellow Builder,

We have had an amazing 2 editions, thanks to all your support.

Our curated mixer has witnessed the participation of over ✅ 40 investors and ✅ 150+ funded / ARR $100K+startups so far.

🎉 Anticipate an incredible finale with our Mumbai Edition:

📅 March 13th, Wednesday

⏰ 7:30 PM Onwards

👀 Stay tuned for the announcement of the panelists for our investor panel

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TBC partners with Arali Ventures & Alteria Capital

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🚀 Calling all #B2B startups ! 🚀

🌟 The Builders Club is partnering with Arali Ventures & Alteria Capital to host a panel session on demystification on working capital financing for early and growth stage B2B marketplaces & enterprise tech companies.

Our panelists will dive deep into various financing options tailored for startups, from traditional bank loans to innovative venture debt and revenue-based financing.

📅 Save the Date:

📍 Venue: Bangalore International Centre, Domlur

🕓 Date & Time: May 23rd, 4:00 PM
RSVP now to secure your seat
https://lu.ma/AraliB2BWC

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TBC Partners with Yourstory for Brands of India

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The Builders Club is partnering with YourStory to Bring to you – Brands of India. ✨

Join us on May 31st @ JW Marriott, Bangalore as we spotlight India’s most innovative D2C brands.

🚀 Experience the entire lifecycle of a D2C Brand from Sketch to Scale!

This landmark event, brings together 150+ D2C brand founders, CXOs, and investors featuring some of the brightest minds in the D2C space!

🌟 Here’s a sneak peek at who you’ll meet:

✅ Arjun Vaidya, Co-founder, V3 Ventures
✅ Ganesh Balakrishnan, Co-founder, Aurm (Ex Flatheads)
✅ Rajat Jadhav, Co-founder, Bold Care
✅ Pragya Batra, Co-founder, Quiriksmith
✅ Surender S Rajpurohit, Founder, Turms

👉 Secure your spot to join these industry leaders as they share invaluable insights!

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TBC is partnering with WebEngage to bring you RISE

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✨ The Builders Club is partnering with WebEngage to bring you RISE✨


🚀📈 Growth at all costs is not ‘IN’ anymore; Retention and customer engagement are a Day 0 problem! And who better to teach this than leaders who’ve been there, done that.

🎯At The Builders Club, we understand this and want to enable you to build profitable & sustainable businesses.

🎉 We are thrilled to share that we’re teaming up with WebEngage to bring you RISE : Mastery in Retention, an online certification program specifically designed and delivered by retention maestros from some of the country’s most iconic brands and remarkable businesses.

👥 Our users & community have exclusive access to this event 😊

If moving the needle for retention, marketing, growth or revenue is something that you work on, then don’t miss out on what #SORMRise.

🗓️ The cohort begins on June 8 , and with about 10 days to go, we have a handful of seats left.
Register Here : https://lu.ma/x0t4ba3m?utm_campaign=tbc&utm_source=partner