Indian Startups Raised $235M, InMobi Leads With $100M
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Indian Startups Raised $235M, InMobi Leads With $100M

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Indian Startups Raised Over $235 Million in Funding (Sept 9-14, 2024); InMobi Leads with $100 Million

Between September 09 and September 14, 2024, 23 Indian startups from various sectors collectively raised over $235 million in funding. Key sectors included biotech, HRTech, gaming, SaaS, NBFC, consumer tech, AI, D2C, and wealth management.

Among the high-value deals, the consumer tech sector took the lead, with InMobi securing a $100 million debt round, followed by NBFC FlexiLoans, which raised $34.5 million. Notable funding rounds included employee healthcare platform Onsurity, wealth management startup Centricity, and spiritual tech platform AppsForBharat, raising $21 million, $20 million, and $18 million, respectively.

Emerging Startups: Several early-stage and emerging startups made headlines. Creator monetization startup Supersquad raised $250,000 in pre-seed funding, followed by digital therapeutics startup Wundrsight, which raised $400,000. Other significant funding rounds included GameEon Studios ($1 million), AI startup Zivy ($1.2 million), D2C FMCG startup Mitra ($1.3 million), and women-focused wellness platform Newmi Care ($1.5 million).

In the mid-range, startups like Futwork (mobile app-based contact center solution) raised $2.49 million, biotech startup Dharaksha Ecosolutions raised $2.95 million, HRTech startup HROne raised $4 million, construction tech startup Track3D secured $4.3 million, energy storage solutions startup Clean Electric raised $6 million, and home décor brand Nestasia raised $8.35 million.

While some startups, including biotech startup Transcell Biologics and sportswear brand Agilitas Sports, opted not to disclose their funding amounts, they continued to show investor interest.

Merger and Acquisition Highlights: The week also saw notable mergers and acquisitions. Nazara Technologies acquired a 47.7% stake in PokerBaazi’s parent company Moonshine Technology and a 15.86% stake in esports platform STAN. Additionally, GoKwik acquired global returns management app Return Prime, and Yudiz Solutions took a majority stake in Mumbai-based digital payment company ABCM App.

This funding period reflects the growing diversity and dynamism within India’s startup ecosystem, with investor interest spanning sectors like consumer tech, biotech, and fintech.