Between September 30 and October 30, 2024, as many as 17 startups from various sectors have raised over $71 million in funding from investors.
These sectors include B2B Saas, Healthtech, Sportstech, Wellness, Healthcare, Fintech, Deeptech, Dronetech and Beauty.
Last week, Indian startups raised over $366 million in funding, with SaaS startup Whatfix raising just $125 million.
Great value deals
A diverse range of sectors attracted investment during the week, with specialty chemicals leading the pack. Leading this sector was Mstack, which raised $40 million in a Series A funding round. Fintech startup BASIC Home Loan raised $10.6 million in a Series B round.
The list was followed by Sportstech startup Str8bat, Furniture startup Furnishka and Cancer Care startup OnCare, which collectively raised $9.71 million.
Str8bat raised $3.5 million, Furnishka raised $3.21 million, and OnCare raised $3 million.
Emerging startups
Aromatherapy-based wellness startup Secret Alchemist raised the smallest amount, securing $500,000 in a Seed funding round. This was followed by B2B SaaS startup Zintlr raising $890,000 in a Seed funding round.
Healthcare startup Ai Health Highway has grown
Between September 30 and October 30, 2024, as many as 17 startups from various sectors have raised over $71 million in funding from investors.
These sectors include B2B Saas, Healthtech, Sportstech, Wellness, Healthcare, Fintech, Deeptech, Dronetech and Beauty.
Last week, Indian startups raised over $366 million in funding, with SaaS startup Whatfix raising just $125 million.
Great value deals
A diverse range of sectors attracted investment during the week, with specialty chemicals leading the pack. Leading this sector was Mstack, which raised $40 million in a Series A funding round. Fintech startup BASIC Home Loan raised $10.6 million in a Series B round.
The list was followed by Sportstech startup Str8bat, Furniture startup Furnishka and Cancer Care startup OnCare, which collectively raised $9.71 million.
Str8bat raised $3.5 million, Furnishka raised $3.21 million, and OnCare raised $3 million.
Emerging startups
Aromatherapy-based wellness startup Secret Alchemist raised the smallest amount, securing $500,000 in a Seed funding round. This was followed by B2B SaaS startup Zintlr raising $890,000 in a Seed funding round.
Healthcare startup Ai Health Highway raised $1 million in a pre-Series A round, Dronetech startup IG Drones raised $1 million, Skincare startup Conscious Chemist raised $1.42 million in -a funding round, while Electric Mobility startup ZEVO secured $2 million in a pre-Series A funding round. Skin care startup ClayCo Cosmetics has raised $2 million in a Series A round Health and wellness startup Lissun has secured $2.5 million in a pre-Series A funding round.
Meanwhile, Defencetech startup Digilogic Systems India, Deeptech accelerator SanchiConnect, Dronetech startup Garuda Aerospace and Healthtech startup Sugar.fit have kept their funding figures under wraps.
M&A Highlights
The period also witnessed strategic mergers and acquisitions. Edtech startup Adda247 has acquired PrepInsta, a platform focused on placement preparation for engineering students, for an undisclosed amount. Mumbai-based digital lifestyle fresh food brand Pluckk has acquired Upnourish, a direct-to-consumer nutrition brand, for $1.4 million.
Capital IQ, a boutique investment advisory firm, has acquired Karman Drones at a valuation of 75 million lei (or about $8.92 million).